1. You currently have $8,482 in your investment account. You can earn an average rate of return of 11% per year. How long will you have to wait until your account is worth $50,000?

   	A.	13 years
   	B.	15 years
   	C.	17 years
   	D.	19 years

1. Tom wants to have $28,000 three years from now to buy a new car. He wants to make one deposit to fund this expenditure. How much does he have to deposit if he will earn 5.5 percent per year on his investment?

   A.

   $22,602.07

   B.

   $23,845.18

   C.

   $24,319.61

   D.

   $28,000.00