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?