Question 6 (0.15 points) You have $38,000 in your account that you want to grow to triple that amount in 25 years. What annual rate of return is necessary to reach your goal? (Note: Enter your answer is a decimal, not a percentage. For example, enter 0452 instead of 4.52%) Your Answer: Answer D View hint for Question 6 Question 7 (0.15 points) Your mother just inherited $500,000. If she invests the money in a well-diversified, low-cost mutual fund returning 9% per year, how many years will it take her investment to become worth $1,000,000? Your Answer: Question 8 (0.15 points) How many months will it take you to pay off a loan of $12,000 at 4% APR compounded monthly if you make monthly payments of $575? Your Answer: Answer D View hint for Question 8 Question 9 (0.15 points) You have credit card debt of $1,000 at 18% APR compounded monthly. If you charge no more purchases to the card and make monthly payments of $300, how many months will it take you to payoff your debt? Your