only answer the second question

Question 11 How long will it take a lump sum deposit of $6,000 to grow to $9.700 in an account that pays a guaranteed rate of 9% per year (assume interest is compounded annually)? 0 4.3 Years O 4.8 Years 5.6 Years No Solution Question 12 You just learned that your grandmother left you a perpetuity in her will that will pay you $1,000 per year for the rest of your life. the current discount rate is 5%, what is the present value of this annuity? O 5,000 20,000 O 50,000 O 100,000