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10. Assume you currently have $5000 in your account. How many years will it take to make them $80.000 if the interest rate is 12%?
10. Assume you currently have $5000 in your account. How many years will it take to make them $80.000 if the interest rate is 12%? OA) 24 46 years B) 45.54 years C) 11 years D) 22 years None of the above 11. What annual interest must you earn to have $300,000 in 20 years if you currently have $50.000? A) 5 375 B) 6,37 C) 0 375 D) 1037 None of the above 12. After graduation, you plan to work for Aspen Industries for 8 years and then start your own business. You expect to save and deposit $5,000 a year for the first 4 years and $10,000 annually for the following 4 years. The first deposit will be made a year from today. In addition, your grandfather just gave you a $32.000 graduation gift which you will deposit immediately. If the account earns 8% compounded annually, how much will you have when you start your business 8 years from now? A) $47,000 B) $42,000 OC) $15,000 D) 134,943 None of the above
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