13 A department store cro customers monthly. What is the correct interest rate its credit card customers are a. 18.92 percent b. 19.20 percent c. 19.26 percent 19.31 percent e. 20.98 percent 14 Professor Stephenson wishes to retire in exactly 10 years. He wants to have enough money in his retirement account at that time to make 22 equal yearly withdrawals of $125,000, with the first withdrawal 1 year after he retires. How much must he deposit in his retirement account each year beginning 1 year from today, to accumulate enough money in 10 years to fund these withdrawals? Assume the correct interest rate is 7% per year? a. $85,813.18 b. $87,600.75 c. $100,073.12 d. $101,981.60 e. $117,634.39 price. The price at which a dealer will purchase a stock or a bond is called the