Question 54 1 pts Bob and Jane both want to have $14 thousand in 7 years. Bob expects to earn 9% per year on his investments and Jane expects a 7% per year rate of return on hers. How much more does Jane have to invest today than Bob to achieve the same future financial goal? Round your answer to the nearest whole dollar. For example, $1.234.56 is entered as 1235 Do not enter $ or % signs. You can enter commas. Question 55 1 pts A savings account pays 9% per year with continuous compounding. The Rule of 72 is an approximation. How many years off is this approximation compared to the algebraic solution to doubling the deposit made to the savings account today? Round your answer to three significant digits and enter the absolute value. For example, -1.23456 years is 1.235 Do not enter $ or % signs. You can enter commas. Question 56 1 pts Bob got a $900 thousand bonus and wants to buy a vacation home that costs $3 million. If he can earn 8% per year with semi annual compounding, how many years will he have to wait until he can actually achieve his goal of buying the home? Round appropriately to one decimal place. For example, five and one half years is 5.5 Do not enter $ or % signs. You can enter commas. Question 57 1 pts Jane wants to start saving some money. She opens an account today with a deposit of $738 and expects to earn 4% APR with annual compounding. After 3 years, she will add an additional $243 to the account. If the account continues to earn the same 4% APR, how much money will she have in her account seven years from now? Round your answer to the nearest whole dollar. For example, $1.234.56 is 1235 Do not enter $ or % signs. You can enter commas. 1 Question 58