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10. You are planning to buy a new car 3 years from today. The car will cost $22,000. How much do you need to deposit

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10. You are planning to buy a new car 3 years from today. The car will cost $22,000. How much do you need to deposit today in an account paying 2.5% compounded annually to reach your goal? A. $17,133.35 B. $17,420.73 C. $17,880.69 D. $20,429.19 E. None of the above 11. You want to triple your money in 10 years. What interest rate must you cam if interest is compounded annually? A. 9.08 percent B. 10.90 percent C. 10.99 percent D. 10.61 percent E. 11.61 percent

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