Your neighbor is asking you to invest in a venture that will double your money in 6 year(s). Compute the annual rate of return that he is promising you? (Record your answer as a percent rounded to 1 decimal place; for example, record .186982 - 18.7% as 18.7) Your Answer: Answer Question 7 (8 points) You have just deposited X dollars in your bank account that pays interest of 7 percent p.a. You discover that at the end of one year you have $ 1,851 in the account. What was X, that is, the amount of money that you deposited today? (Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245.85). Your Answer: Answer Question 8 (8 points) You want to withdraw $ 55,901 from your account at the end of one year and $ 34,140 at the end of the second year. How much should you deposit in your account today so that you can make these withdrawals? Your account pays 14 percent p.a. (Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245 851