You are hoping to buy a house in the future and recently received an inheritance of 18,000. You intend to use your inheritance as a down payment on your house.

a.If you put your inheritance in an account that earns 8 percent interest compoundedannually, how many years will it be before your inheritance grows to $34,000?

b.If you let your money grow for 9.5 years at 8 percent, how much will youhave?

c.How long will it take your money to grow to 34,000 if you move it into an account that pays 5 percent compoundedannually? How long will it take your money to grow to 34,000 if you move it into an account that pays 13 percent?

d.What does all this tell you about the relationship among interestrates, time, and futuresums?

a.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 34,000?

___ years (Round to one decimalplace.)