You currently have $120,000 invested in shares and at the end of each year you save $4,000 from your wages to buy more shares, adding to your portfolio. If the shares' total expected return is 16% pa and all dividends are re-invested, calculate how many years it will take your share portfolio to reach $340,000. Round your answer up to the nearest year. Select one: a. 5 years b. 6 years c. 7 years d. 8 years e. 9 years
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