You put your inheritance in an account that earns

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You received an inheritance of $22,000.

If you put your inheritance in an account that earns 7 percent interest compounded annually, how many years will it be before your inheritance grows to $33,000?

If you let your money grow for 10 years at 7 percent, how much will you have?

How long will it take your money to grow to $33,000 if you move it into an account that pays 4 percent compounded annually?

How long will it take your money to grow to $33,000 if you move it into an account that pays 11 percent?

Reference no: EM131558649

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