Question: 8. How many years will it take for $850 per year to amount to $20,000 if the interest rate is 8%? 9. What would you

8. How many years will it take for $850 per year to amount to $20,000 if the interest rate is 8%? 9. What would you pay for an annuity of $2,000 paid every six months for 12 years if you could invest your money elsewhere at 10% compounded semiannually

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