8.

A firm's dividends have grown over the last several years. 6 years ago the firm paid a dividend of $2. Yesterday it paid a dividend of $7. What was the average annual growth rate of dividends for this firm?

Round the answer to two decimal places in percentage form.

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9.

To what amount will the following investment accumulate?

$37,034, invested today for 35 years at 4.93 percent, compounded monthly.

Round the answer to two decimal places.

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