a) Assume annual compounding. You deposit $18,000 in the bank today. What is the interest rate that you would earn if you have $25,000 at the end of 10 years?____

b) Assume at the end of year 10, you move this $25,000 to a new investment. Assume the new investment earns 7% interest rate compounded quarterly. How much would you have after the six years?__________________________