You Currently Have $48,000 in Your Bank Account,which Pays Annual

Multiple Choice

You currently have $48,000 in your bank account,which pays annual interest of 5%,and you are saving up to buy a brand new $150,000 Jaguar convertible.In how many years will you have enough money to buy the car?

A) 26.0 years
B) 25.0 years
C) 18.0 years
D) 20.0 years
E) 24.0 years