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11. You currently have $7.200 in your investment account percent per year. How long will you have to wait until your accounts count. You can

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11. You currently have $7.200 in your investment account percent per year. How long will you have to wait until your accounts count. You can car an average rate of return of 1 your account is worth $50.000? A. 9.47 years B. 11.28 years C. 13.87 years D. 17.51 years 12. Your savings account is currently worth annually. How much will your account be worth 6 years from now? count pays 5 percent interest compounded A. S1,524.00 B. S1,562.71 C. $1,608.12 D. $1,627.19 13. You are evaluating an investment opportunity that we evaluating an investment opportunity that promises to pay $11.000 one year from now and $13,310 three years from now. How much is this we years from now. How much is this investment worth to you, if you can earn a return of 10%? A. $20,000 B. $21,000 C. $22,100 D. $24,310 14. Fifteen years ago, your parents opened an investment account with an initial deposit of $5,000. Today, that account is worth $38,000. What average annual rate of return did they earn on their investment? A. 14.48 percent B. 14.59 percent C. 14.78 percent D. 15.03 percent 15. Your goal is to earn an annual salary of $100,000 three years from now. You expect to increase your salary by 6.5 percent annually. How much do you need to earn this year if you are going to reach your goal? A. $72,988.08 B. $82,784.91 C. $87,878.88 D. $84,363.13

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