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Question 11 (0.2 points) David has a savings account with a 5,000 balance today. The account earns an annual percentage rate of interest of 3.50%,
Question 11 (0.2 points) David has a savings account with a 5,000 balance today. The account earns an annual percentage rate of interest of 3.50%, compounded monthly. David plans to make no other deposits or withdrawals. How many years will it take David's account balance to double? Your Answer: Answer Question 12 (0.2 points) You want to buy your dream car which will cost you $5500. If you could invest your entire savings of S4000 at an annual interest of 2%, how long (in years rounded to two decimal places) would you have to wait until you have accumulated enough money to buy the car? Your
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