You are planning to purchase your first house with a down payment of $95,000

Subject:FinancePrice:2.87 Bought7

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You are planning to purchase your first house with a down payment of $95,000. Currently, you have $20,000 in the bank which earns interest at 8% compounded monthly. How many years will you have to wait before you can afford the down payment for the house?

A.13.78

B.14.78

C.15.71

D.16.58

E.17.39

F.18.15

G.19.54

H.20.80