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Question 21 2 pts You are considering an investment that will pay to you $25,000 at the end of 11 years. Investments of similar risk
Question 21 2 pts You are considering an investment that will pay to you $25,000 at the end of 11 years. Investments of similar risk are offering a 7% rate of return. What would be a fair price to pay for this investment? O a. 11,877.32 b. 13,959.87 O c. 15,250.48 O d. 16,039.23 Question 22 2 pts You have $100,000 to invest. You want to have $300,000 for retirement. You can invest your funds at a 6% annual rate of return. Rounded to the nearest year, how long before you will be able to retire? O a. 14 O b. 19 O c. 21 O d. 28
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