7. Jose wants to have $1,000,000. If he has $25,000 now and can earn 6%, how many years will he have to wait? 8. If Mei Li wants to have $1,000,000, and has $50,000, how many years will she have to wait if he can earn 6\%? 9. Dawahn wants to retire with $1,000,000. If he saves $12,000 per year at 6% interest, how many years before he can retire? 10. Tina has her eye on a new sports car that costs $1,000,000. If she can save $24,000 each year and invest it at 6%, how many years before she can buy the sports car? FOR TWO MORE POINTS Jim has $1000 now. How many yen will he have in a year if he can invest at 5% ? Exchange rate is 100 to 1