16.) Clarissa wants to fund a growing perpetuity that will pay $ 5 comma 000 per year to a local museum, starting next year. She wants the annual amount paid to the museum to grow by 6% per year. Given that the interest rate is 10%, how much does she need to fund this perpetuity?

17.) How long will it take $ 45 , 000 placed in a savings account at 10% interest to grow into $ 70,000?