a

b

Anita is saving for a college education. Her goal to have $41,390 saved when she starts college in 6 years. How much would she have to invest today in an account that pays 6.7 percent interest to exactly meet her college savings goal? (Do not round any intermediate calculations. Round your final answer to 2 decimal places and enter it in the box below.) You have $8,040 that you want to save to pay for a down payment on a house. If you need $14,779 for the down payment and you can invest in an account that earns 5.5 percent interest annually, how many years will you have to wait to buy the house? (Do not round any intermediate calculations. Round your final answer to 2 decimal places and enter it in the box below.)