Your answer is correct.

Daniel Finley wishes to become a millionaire. His money market fund has a balance of $$109,333$ and has a guaranteed interest

rate of $10\%.$ How many years must Daniel leave that balance in the fund in order to get his desired $$979,000?($Round answer to $0$

decimal places, e$.$g$.45.)$

years

eTextbook and Media

eTextbook

Video

Attempts: $1$ of $3$ used

$($b$)$

Your answer is incorrect.

Assume that Nancy Williams desires to accumulate $$979,000$ in $15$ years using her money market fund balance of $$187,154.$ At

what interest rate must Nancy's investment compound annually? $($Round answer to $0$ decimal places, e$.$g$.5\%.)$

Interest rate

$\%$

eTextbook and Media

Attempts: $1$ of $3$ used