Question 9 1 pts John has $2,000 in his savings account and can save an...
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Question 9 1 pts John has $2,000 in his savings account and can save an additional $1,000 at the end of each year per year. If interest rates are 10%, how long will it take his savings to grow to $5.972? 5 years 2 years O 4 years 3 years Question 10 1 pts A businessman wants to buy a printer. The dealer offers to sell the printer for either $2,000 now, or three yearly payments of $804.23. Which of the following is closest to the interest rate being offered by the dealer? 8.8% 11.8% 10.0% O 5.0% Question 11 1 pts Your uncle has $485,000 and wants to retire. He expects to live for another 25 years, and he also expects to earn 75% on his invested funds. How much could he withdraw at the beginning of each of the next 25 years and end up with zero in the account? $35,617.22 $47,759.46 $39,259.89 $40,474.12 O $50,592.65 > Question 12 1 pts What is the future value of an annuity of $90 invested every week for the next 4 years starting one week from now at 8.9% compounded every week? 18,535 0 21.842 17,881 22,463
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