Question: can you please answer the attached question 1) You decide you want your child to be a millionaire. Your son was born today and you

can you please answer the attached question

1) You decide you want your child to be a millionaire. Your son was born today and you will start depositing $15,000 a year starting when your son turns 1 year old. The investment account that earns 15% per year. The money in the account will be distributed to your son whenever the total reaches $1,000,000. How old will your son be when he receives the money? A) 17 years B) 22 years C) 28 years D) 31 years E) 38 years
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