You plan to retire when you have $1,000,000 in savings. You can make a deposit of $1,250 per quarter into a retirement saving account that pays 12 percent annual interest rate compounded quarterly. How many years will you have to wait to retire? A. 37.74 years B. 34.77 years C. 31.41 years D. 29.04 years E. 27.22 years F. 24.51 years G. 22.52 years H. 20.28 years Fast Growth Investment Company offers an investment that promises to triple your money in 27 months. This investment promises to credit interest to your account every quarter, that is, the interest is compounded quarterly. What annual percentage rate (APR) must the investment earn to meet the promised return? (Hint: Find quarterly rate first.) A. 80.37% B. 67.97% C. 51.93% D. 35.27% E. 103.97% F. 87.61% G. 75.68% H. 45.01% QUESTION 18 Hilarious Profits, Inc. (HPI) earned a profit of 20% on sales of $30,000,000. Its balance sheet shows total assets of $10,000,000. If HPI wants to achieve a Total Asset Turnover of 4.5, what should be the percent increase in sales from the current level assuming no change in assets? (Answers are rounded) A. 50% B. 47% C. 43% D. 40% E. 37%