John has now spent $1 million to buy a house in the Daly city. 10 years later, the house value will be $1.5 million. What is the growth rate of the house value in each year? a. 4.14% b. 7.18% C. 9.60% d. 11.61% e. None of the above You will receive a payment, which is 1.5 times the present value of this payment. If the discount (interest) rate is 7.3% every year, in which year will you receive this payment? a. 5.75 years b. 9.84 years c. 13.00 years d. 15.59 years e. None of the above