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1. Brian Finley wishes to become a millionaire. His money market fund has a balance of...

1. Brian Finley wishes to become a millionaire. His money market fund has a balance of $131,892 and has a guaranteed interest rate of 10%. How many years must Brian leave that balance in the fund in order to get his desired $1,181,000? (Round answer to 0 decimal places, e.g. 45.)

2. Assume that Sharon Williams desires to accumulate $1,181,000 in 15 years using her money market fund balance of $282,722. At what interest rate must Sharon’s investment compound annually? (Round answer to 0 decimal places, e.g. 5%.)

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