1. you want to buy your dream car which will cost you $5900. If you could invest your entire savings of $3500 at an annual interest of 12%, how long (in years rounded to two decimal places) would you have to wait until you have accumulated enough money to buy the car? answer

2. You want to buy a house in 9 years and expect to need $25000 for a down payment. If you have $14000 to invest, how much interest do you have to earn (compounded annually) to reach your goal? (Enter your answers as a decimal rounded to 4 decimal places, not a percentage. For example, enter 0.0843 instead of 8.43%)