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7. AZ's dividend rose from $1 to $1.61 in five years. What has the dividend's annual rate of growth? (2 points) Enter your answer 8.
7. AZ's dividend rose from $1 to $1.61 in five years. What has the dividend's annual rate of growth? (2 points) Enter your answer 8. If a company paid a dividend of $1 in 2006 and the dividend grows annually by 7 percent, what will be the dividend in 2011? (2 Points) Enter your answer 9. If a new college graduate wants a car costing $15,000, how much must be saved annually if the funds earn 5 percent? (5 Points)
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