14) You paid $3,000 5 years ago for a Ming Dynasty vase now is appraised at $5,500. What is the average annual rate of appreciation in its value?

15) How much can you afford to withdraw per year, at the beginning of each year when you retire at 65, if you will have $1.5 million by the time you retire and also want to leave $2 million to your descendants at the time of your death. Assume you will live for 25 years after you retire and your savings will return an average of 6% per year?