At what quoted annual interest rate must $216,000 be invested so that it will grow to be $494,000 in 11 years if interest is compounded monthly? 10.62% 7.81% 0.63% 06.13% 7.54% You are told that if you invest $13,100 per year for 24 years (all payments made at the end of each year) you will have accumulated $606,000 at the end of the period. What annual rate of return is the investment offering? 6.56% 04.93% 04.30% 5.88% O-5.29%