4) Your uncle puts $50,000 into a bank account earning 6%/year. You can't withdraw the money until the balance has doubled. How long will you have to leave the money in the account? 5) You want to buy a new OLED television in 3 years, when you think prices will have gone down to a more reasonable level. You anticipate that the television will cost you $2,500. If you can invest your money and earn a monthly return of 0.67%, how much do you need to set aside today? 6) Which of the following statements are TRUE? Statement I: Statement II: Statement III: As you increase the rate of return, the future value of an investment increases. As you increase the length of time to receive some lump sum, the present value of that lump sum increases. The present value of an annuity increases as we increase the "discount rate."