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7. How much must you invest today at 5 percent if you want to have $10,300 in 7 years? A.$6,903 B. $8,302 C. $4,320 D.

How much must you invest today at 5 percent if you want to have $10,300 in 7 years?

A.$6,903

B. $8,302

C. $4,320

D. $7,320

8 .

With a retirement plan target of having $250,000 in 20 years, how much interest must you earn on your $72,500 in order to achieve this goal?

A. 10.85%

B. 7.50%

C. 6.38%

D.8.62%

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