Homework: 5-2 MyFinanceLab Assignment core: 0 of 4 pts P5-3 (similar to) 3 of 12 (2 complete) Save HW Score: 16%, 8 of 50 p Question Help 3 (Related to The Business of Life: Saving for Your First House) (Future value) You are hoping to buy a house in the future and recently received an inhentance of $20,000 You intend to use your inheritance as a down payment on your house. a. If you put your inheritance in an account that eams 9 percent interest compounded annually, how many years will it be before your inheritance grows to $31,000 b. If you let your money grow for 9.5 years at 9 percent, how much will you have? c. How long will it take your money to grow to $31,000 if you move it into an account that pays 4 percent compounded annually? How long will it take your money to grow to $31,000 if you move into an account that pays 11 percent? d. What does all this tell you about the relationship among interest rates, time, and future sums? a. If you put your inheritance in an account that eams 9 percent interest compounded annually, how many years will it be before your inheritance grows to $31,000? years (Round to one decimal place) Enter your answer in the answer box and then click Check Answer parts remaining Type here to search 2 EMY O $ 2 3 4 fi 1 55 Chack After Clear All 632PM 2/501 0 A backspace 1700 WD 113 112 A 14 & E B 6 7 8 9 G S 0 a D