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please help with parts a-d ! thank you! (Related to The Business or Life: Saving for Your First House) (Future value) You are hoping to

please help with parts a-d !
thank you! image text in transcribed
(Related to The Business or Life: Saving for Your First House) (Future value) You are hoping to buy a house in the future and recently roceived an inheritance of S16,000. You intend to use your inhertance as a down payment on your house. a. If you put your inhertance in an account that earns 7 percent interest compounded annually. how many years will it be before your inhentance grows to $30, 000 ? b. If you lot your monoy grow for 9.75 yoars at 7 porcent, how much will you have? c. How long will a take your money to grow to $30,000 if you move it into an account that pays 3 percent compounded annually? How long will it take your money to grow to $30,000 if you move it into an account that pays it percent? d. What does at this tee you about the relasionship among imerest rates, sme, and future sums? a. If you put your inheritance in an account that earns 7 percem interest compounded annually, how many yoars will it be before your inhentance grows to s3o, oco? years (Round to cne decimal place.)

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