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Sally Ross has $19,300 to invest today at 9% to pay a debt of $41,917. How many years will it take her to accumulate enough
Sally Ross has $19,300 to invest today at 9% to pay a debt of $41,917. How many years will it take her to accumulate enough to liquidate the debt? (Round answer to 0 decimal places, e.g. 45.)
years Candice Houston has a $26,200 debt that she wishes to repay 6 years from today; she has $15,622 that she intends to invest for the 6 years. What rate of interest will she need to earn annually in order to accumulate enough to pay the debt? (Round answer to 0 decimal places, e.g. 7%.)
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