QUESTION 2 Suppose Sammy invests $700 in his savings account. He wants to obtain $1,000 in order to buy some new kitchen equipment for his pizza restaurant. He wants this to take no more than 5 years. What interest rate does he need? O A 8.34% 8.534 OC. 6.92 OD. 7.39% QUESTIONS If you want to have $1,000,000 when you retire and you put $50,000 in your retirement account right now, and you can get an interest rate of 12% a year, how many years will it take you to achieve your goal? O A 20.12 years 8.26.43 Years OC.2.64 years 0.264 34 Years