Stephanie has been told that she will be getting a 5% raise for each year that she works at her job. The exponential function that represents this is A(t) = 52000(1.05)^t-1, where A(t) is the amount she will make after t years. How many years will it take her to make $60 000.00?

Select one:

a.

4 years

b.

3 years

c.

2 years

d.

5 years