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Question 6 (8 points) Your neighbor is asking you to invest in a venture that will double your money in 2 year(s). Compute the annual

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Question 6 (8 points) Your neighbor is asking you to invest in a venture that will double your money in 2 year(s). Compute the annual rate of return that he is promising you? (Record your answer as a percent rounded to 1 decimal place; for example, record .186982 = 18.7% as 18.7) Your Answer: Answer Question 7 (8 points) You have just deposited X dollars in your bank account that pays interest of 11 percent p.a. You discover that at the end of one year you have $ 8,968 in the account. What was X, that is, the amount of money that you deposited today? (Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245.85). Your

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