Question 1 (1 point) Saved Twelve years ago, Jake invested $2,000. Six years ago, Tami invested $4,000. Today, both Jake's and Tami's investments are each worth $9,700. Assume that both Jake and Tami continue to earn their respective rates of return. Which one of the following statements is correct concerning these investments? One year ago, Tami's investment was worth more than Jake's. Jake has earned a higher rate of return than Tami. Jake has earned an average annual interest rate of 14.06%. Tami has earned an average annual interest rate of 17%. None of the above Question 7 (1 point) Samir would like to give his daughter $100,000 towards her college education 15 years from now. How much money must he set aside today for this purpose if he can earn 5% on his investments? $12,250.00 $12,989.47 $13,726.90 $48,101.71 None of the above