Question: b1 Question 20 (4 points) A bank will return $2345 on a 10-yr certificate of deposit that originally cost $1000. What interest rate, compounded annually,

Question 20 (4 points) A bank will return $2345 on a 10-yr certificate of deposit that originally cost $1000. What interest rate, compounded annually, is the bank paying? (ans % to two decimal places) Your Answer: Answer Question 21 (4 points) Determine the breakeven resale price 15 years from now of an apartment house that can be bought today for $250,000. It's annual net income is $22,000. The owner wants a 10% annual return on her investment. (ans to the nearest dollar) Your Answer:

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