You plan to save $6,000 per year for the next 8 years. After the last deposit, you will keep the money in the account for 2 more years. The account will earn an interest rate of 6.3 percent. How much will there be in the account 10 years from today?

2. which of the following statements about interest is true? a. interest is a one-time fee that you pay for lending money. b. interest is expressed as a percentage of the amount you are borrowing. c. because interest rates tend to be small numbers, they typically don't have much effect on the price of the goods you're purchasing. d. interest is a penalty that you pay when you don't pay your bills on time.