After graduating in May, you received $5,000 as a graduation gift. How many years would it take for you to double your money in the stock market assuming an 8% interest rate? 7 years 9 years 6 years 08 years If you desire to have a $500,000 nest egg one day, how much will you need to contribute to a retirement account on an annual basis assuming you have 30 years to save and expect an average rate or return of 5.5%? O $7,383.45 $5,678.98 $4,745.83 O $6,902.69 If you desire to have a $500,000 nest egg one day, how much will you need to contribute to a retirement account on a monthly basis assuming you have 30 years to save and expect an average rate or return of 5.5%? O $623.45 O $135.68 $547.28 $85.81 Question 23 (1 point) If you make annual contributions of $750 to a retirement account over 30 years and yield and average annual rate of return of 6%, what is the future value of your contributions? $61,583.98 $57,543.21 $59,293.64 O $63,713.21