Question 1: Zephyr Sales Company has sales of $1,750,000. If the company's management expects sales to grow 6.0 percent annually, how long will it be before sales double?Use financial calculator to solve this problem.(Round answer to 0 decimal places, e.g. 20.)

Time needed to double its sales ???? years

Question 2: Multiple choice

Why do earnings from compounding drive much of the return earned on a long-term investment?

A longer investment period results in equivalent proportion of earnings from interest earned on interest.

A longer investment period will result in a greater proportion of total earnings from interest earned on interest.

Interest earned on interest grows gradually as the investment period decreases.

Interest earned on interest grows steadily as the investment amount increases.

Which one is correct?????