8. The value of a piece of jewelry increases linearly. It cost $20,000 new. Each year it increases at a rate of 10% of its original purchase price. Whats the value of the jewelry in 5 years?

A. $20,000

B. $30,000

C. $40,000

D. $50,000

ANSWER: B= $30,000

11. From the previous question #8, when you retired, you wish to withdraw a fixed amount each month for 25 years. What will this fixed amount be from your retirement account?

A.$1185.00

B.$1287.62

C.$1591.68

D.$1764.48

* HAVE ANSWER FOR 8 BUT NEED FOR 11*