QUESTION 4

1. If you deposit money today in an account that pays 6.1 percent annual interest, how long will it take to double your money?

   	a.	14.05 years
   	b.	11.71 years
   	c.	16.39 years
   	d.	6.10 years
   	e.	The answer cannot be calculated without knowing how much money is initially deposited.

1 points

QUESTION 5

1. You have $39,722.09 in a brokerage account, and you plan to deposit an additional $2,500 at the end of every year until your account totals $100,000. You expect to earn 9.8 percent annually on the account. How long will it take to reach your goal?

   	a.	4 years
   	b.	5 years
   	c.	3 years
   	d.	7 years
   	e.	6 years