You are hoping to buy a house in the future and recently received an inheritance of 20,000$. You intend to use your inheritance as a down payment on your house.

a.If you put your inheritance in an account that earns 9 percent interest compounded annually, how many years will it be before your inheritance grows to 30,000$?

b.If you let your money grow for 9.75 years at 9percent, how much will you have?

How long will it take your money to grow to $30,000 if you move it into an account that pays 3 percent compounded annually? How long will it take your money to grow to$30,000 if you move it into an account that pays 12 percent?