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How long will it take $52,000 placed in a savings account at 10% interest to grow into $77,000 ? A. 3.12 years B. 4.12 years

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How long will it take $52,000 placed in a savings account at 10% interest to grow into $77,000 ? A. 3.12 years B. 4.12 years C. 6.12 years D. 5.12 years What is the present value (PV) of $60,000 received twenty-five years from now, assuming the interest rate is 6% per year? A. $39,000 B. $24,465 C. $13,980 D. $11,883

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