Question: ALL PART TO ONE QUESTION PLEASE ANSWER ALL THANK YOU Elaine has just received an insurance settlement of $25,000. She wants to deposit this money



Elaine has just received an insurance settlement of $25,000. She wants to deposit this money in her bank account. If she can earn 2.0% annually, how much will she have saved 8 years from now? O a. $39,864.20 Ob. $28,000.00 Oc. $29,291.48 Od $30,929.02 In 2 years you plan to take a family vacation to Florida at an estimated cost of $6,000. If you can earn an annual rate of 2.5%, how much must you invest today in order to have the funds needed for the planned vacation? O a. $5,067.82 O b. $5.710.89 Oc. $5,280.19 od $5.901.06 Bishop Corporation's new Chief Marketing Officer has pledged to increase sales from its current level of $1.5 million at a rate of 8% per year until the firm hits sales of $2.2 million. How long will it take to hit the target goal at this rate of increase? O a. 12 years Ob. 10 years Oc. 7 years Od. 5 years An investment of $800 earns an annual interest rate of 5%. How much more interest is earned in Year 5 with compound interest than with simple interest? 5 a $6.31 b. $40.00 oc $48.62 d. $8.62
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