Verna wants her daughter, Jenna, to be a millionaire. Jenna is six years old today when Verna deposits $30,000 in an investment account that earns 9.2%. The funds in the account will be distributed whenever the total reaches $1,000,000. How old will Jenna be when she gets the money?

Floyd borrowed $22,000 to move to Cleveland. If the interest rate on the loan is 5.6% and it is payable in one lump sum two years from today, how much total interest will he pay on the loan?