2.5 pts Question 38 38. Stephen claims that he invested $6,000 six years ago and that this investment is worth $28,700 today. For this to be true. what annual rate of return did he have to earn? Assume the interest compounded annually. 29.80 percent 27.87 percent 28.87 percent 26.01 percent 2.5 pts Question 39 39. You expect to receive $5,000 at graduation one year from now. Your plan is to invest this money at 6.5 percent, compounded annually, until you have $50,000. At that time, you plan to travel around the world. How long from now will it be until you can begin your travels O 32.08 years 36 56 years 37.56 years 34 55 years D Question 40 2.5 pts 40. Starlite Industries will need $2.2 million 4,5 years from now to replace some equipment. Currently, the firm has some extra cash and would like to establish a savings account for this purpose. The account pays 36 percent interest.compounded annually. How much money must the company deposit today to fully fund the equipment purchase