Time to accumulate a given sum Personal Finance Problem Manuel Rios wishes to determine how long it will take an initial deposit of $11,000 to double a. If Manuel eams 13% annual interest on the deposit how long will it take for him to double his money? b. How long will it take if he earns only 10% annual interest? C. How long will it take if he can earn 15% annual interest? d. Reviewing your findings in parts a b and indicate what relationship exists between the interest rate and the amount of time it will take Manues to double his money a. Manuel earns 13% annual interest, the amount of time to double his money is years (Round to two decimal places) b. If Manuel earns 10% annual interest, the amount of time to double his money is years (Round io two decimal places) c. Manuel earns 15% annual interest the amount of time to double his money is years. (Round to two decimal places) d. Reviewing your findings in parts a b and c, indicate what relationship exists between the interest rato and the amount of time it will take Manuel to double his money (Select the best answer below.) O A. The higher the rate of interest, the more time is required to accumulate a given future sum O 8. The higter the rate of interest, the less time is required to accumulate a given future sum OC The lower the rate of interest the less time is required to accumulate a given future sum OD The interest rate does not affect how long it will take to accumulate a given future value