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1. Steve Norman will invest $9,400 today in a fund that earns 10% annual interest. (Click here to view factor tables) How many years will

1. Steve Norman will invest $9,400 today in a fund that earns 10% annual interest. (Click here to view factor tables) How many years will it take for the fund to grow to $26,819?

2. Sally Willis will invest $33,900 today. She needs $171,347 in 17 years. (Click here to view factor tables) What annual interest rate must she earn? Interest rate: ___%

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