1) You're trying to save to buy a new $72,000 sports car You have $38,000 today that can be invested at your bank. The bank pays 1.26 percent annual interest on its accounts. How many years will it be before you have enough to buy the car assuming the price of the car remains constant?

A.37.45 years

B.42.33 years

C.46.67 years

D.47.18 years

E.51.04 years

2) Towne Station is saving money to build a new loading platform. Three years ago, they set aside $23,000 for this purpose. Today, that account is worth $31,406. What rate of interest is Towne Station earning on this investment?

A.10.94 percent

B.9.47 percent

C.8.39 percent

D.8.23 percent

E.9.01 percent