How Many Years Would It Take for Jughead to Save

Multiple Choice

How many years would it take for Jughead to save an adequate amount for retirement if he deposits $2,000 per month into an account beginning today that pays 12 percent per year if he wishes to have a total of $1,000,000 at retirement?

A) 13 years
B) 16 years
C) 15 years
D) 12 years