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need help on 12-15 Question 12...

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Finance

need help on 12-15
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Question 12 (1 point) If you deposit money today in an account that pays 7% annual interest, how long will it take to triple your money? 1,570.00 years O 0.35 years 16.24 years 13.24 years Previous Page Next Page Page 5 of 8 Question 13 (1 point) If you deposit money today in an account that pays 10% annual interest, how long will it take to triple your money? (Your answer should be entered in years to 2 decimals i.e. 16.23 to represent 16.23 years.) Your Answer: Answer Question 14 (1 point) You want to buy a house, and a local bank will lend you $100,000. The loan will be fully amortized over 20 years (240 months), and the nominal interest rate will be 12% with interest paid monthly. What will be the monthly loan payment? $1,101.09 O $13,387.88 $5,541.53 O $12,000.00

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