Anne Plans to Save $40 a Week, Starting Next Week

Anne plans to save $40 a week, starting next week, for ten years and earn a rate of return of 4.6 percent, compounded weekly.After the ten years, she will discontinue saving and invest her account at 6.5 percent, compounded annually.How long from now will it be before she has accumulated a total of $50,000?

A) 10.32 years
B) 21.14 years
C) 15.08 years
D) 11.14 years
E) 20.32 years