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QUESTION 6 Unde Fester puts 550 000 into a bank account eaming 6. He cannot withdraw the money until the balance has doubled. How long
QUESTION 6 Unde Fester puts 550 000 into a bank account eaming 6. He cannot withdraw the money until the balance has doubled. How long will he have to leave the money in the account? 9 years 10 years 11 years 12 years QUESTION 7 Sara wants to have 5500.000 in her savings account when she retres. How much must the put in the account now the account paysafeterest rate of to ensure that she has 5500,000 in 20 years time? $180,884 5107274 5231480 5144610
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