You are hoping to buy a house in the future and recently received an inheritance of $22,000. You intend to use your inheritance as a down payment on your house.

If you put your inheritance in an account that earns 8 percent interest compoundedannually, how many years will it be before your inheritance grows to $33,000?

b. If you let your money grow for 10 years at 8 percent, how much will youhave?

c. How long will it take your money to grow to $33,000 if you move it into an account that pays 4 percent compoundedannually? How long will it take your money to grow to $33,000 if you move it into an account that pays 13 percent?