number 24

24) You have just deposited $14,500 into an account that promises to pay you an annual interest rate of 7.2 percent each year for the next 8 years. You will leave the money invested in the account and 20 years from today, you need to have $58,270 in the account. What annual interest rate must you earn over the last 12 years to accomplish this goal? A) 7.20 % B) 6.65% C) 6.55% D) 8.10 % E) 5.76% 25) Y