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Today is your 25th birthday. You committed to saving $5,500 each year for the next 25 years starting on your 26th birthday. At a fixed

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Today is your 25th birthday. You committed to saving $5,500 each year for the next 25 years starting on your 26th birthday. At a fixed 17.10% interest rate, how much will we have in the bank when you would be 50 years old? Round your answer to two decimal places. For example, if your answer is $345.667 round as 345.67 and if your answer is .05718 or 5.718% round as 5.72. $1,436,473.30 $1.991.474.34 $1.632,356.02 $1,224,267.02 $1.911,488.90 Question 7 5.66 pts You purchased a stock of a company 16 years ago for $65. The stock is trading today at $273.5. Given this information, what is the average compound rate of return that you can realize on this stock? Round your answer to two decimal places. For example, if your answer is $345.667 round as 345.67 and if your answer is .05718 or 5.718% round as 5.72. 8.08% 10.43% 11.37% 9.4% 7.896

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