2b.

Upon graduating from college, you make an annual salary of $30,025. You set a goal to double it in the future. If your salary increases at an average annual rate of 6.10 percent, how long will it take to reach your goal?

Round the answer to two decimal places.

2c.

Camila plans to go for vacation to Australia in 14 years from now. She estimates that she will need $16,781 for the trip. How much does she need to place in a saving account today that earns 9.25 percent per year (compounded quarterly) to accumulate this amount?

Round the answer to two decimal places