Today, You Turn 23

Today, you turn 23. Your birthday wish is that you will be a millionaire by your 40^th birthday. In an attempt to reach this goal, you decide to save $50 a day, every day until you turn 40. You open an investment account and deposit your first $50 today. What rate of return must you earn to achieve your goal?

A) 10.67 percent
B) 11.85 percent
C) 12.90 percent
D) 13.06 percent
E) 13.54 percent