E6.10 (LO 2) (Unknown Periods and Unknown Interest Rate) Consider the following inde. is being paid on the loan? in 2 years. Assuming annual compounding of pendent situations a. Mike Finley wishes to become a millionaire. His money market fund has a balance of $92.296 and has a guaranteed interest rate of 10%. How many years must Mike leave that balance in the fund in order to get his desired $1.000.000? b. Assume that Sally Williams desires to accumulate $1 million in 15 years using her money market fund balance of $182,696. At what interest rate must Sally's investment compound annually? E6.11