1) You expect to receive $7,000 at graduation in two years. You plan on investing it at 10 percent until you have $103,000. How long will you wait from now

2)Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2016, a sculpture was sold at auction for a price of $10,316,500. Unfortunately for the previous owner, he had purchased it in 2012 at a price of $12,379,500. What was his annual rate of return on this sculpture?