Question 6 10 pts John deposits 10,000 in a saving account which he assumes is paying 8% per annum interest effective. He has calculated that after 7 years he will be able to buy the hang glider he wants if its price inflates at a rate of 5% per annum effective. In fact the hang glider's price inflates at only 1% per annum and the interest rate on the account is dropped to 5% per annum immediately after he makes the deposit. How many years does he have to wait for the hang glider? Upload Choose a File