11. You want to double your money in 5 years: What annual interest rate must you earn? A. 8.73 percent B. 10.89 percent C. 12.25 percent D. 14.87 percent E. 16.64 percent Answer: 12. You just received a loan offer in the mail. The company is offering you $6,000 at 10.8 annual percent interest. The monthly payment is only $110. If you accept this offer, how long will it take you to pay off the loan? A. 75.4 months B. 82.2 months C. 90.7 months D. 96.3 months E. 98.1 months