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David wishes to accumulate $1,500,000. His money market fund has a balance of $219,027 and has a guaranteed interest rate of 8%. How many years
David wishes to accumulate $1,500,000. His money market fund has a balance of $219,027 and has a guaranteed interest rate of 8%. How many years must David leave that balance in the fund in order to get his desired $1,500,000? (Round answer to O decimal places, e.g. 45.) years Assume that Jennifer desires to accumulate $1,500,000 in 15 years using her money market fund of $184,342. At what interest rate must Jennifer's investment compound annually? (Round answer to O decimal places, e.g. 5%.) Interest rate %
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