You decide you want your child to be a millionaire. You have a son tod

You decide you want your child to be a millionaire. You have a son today and you deposit $10,000
in an investment account that earns 7% per year. The money in the account will be distributed to
your son whenever the total reaches $1,500,000.

How old will your son be when he gets the money
(rounded to the nearest year)?
A) 74 years B) 49 years C) 60 years D) 82 years

ANSWER

A