Clara Is Setting Up a Retirement Fund,and She Plans on Depositing

Multiple Choice

Clara is setting up a retirement fund,and she plans on depositing $5,000 per year in an investment that will pay 7% annual interest.How long will it take her to reach her retirement goal of $69,082? (PV of $1,FV of $1,PVA of $1,and FVA of $1) (Use appropriate factor(s) from the tables provided.)

A) 13.816 years
B) 0.072 years
C) 10 years
D) 20 years
E) 5 years