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The Milken Company is offering you an investment that promises you $ 1 0 , 0 0 0 at the end of 8 years if

The Milken Company is offering you an investment that promises you $10,000 at the
end of 8 years if you invest $6,706 today. What is the annual return on this
investment?
Compute your answer as a percent rounded to 2 decimal places. Record without a
percent sign. For example, record .0848765=8.48765% as 8.49.
Assume that you deposit $856 each year for the next 15 years into an account that pays 17 percent per annum. The first deposit will occur one year from today (that is, at t=1) and the last deposit will occur 15 years from today (that is, at t=15). How much money will be in the account 15 years from today?
Round your answer to 2 decimal places; record your answer without commas and without a dollar sign.
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