1 pts Question 14 Your tuition for the coming year is due today. You borrow $8,000 from your aunt and agree to repay in the three years an amount of $9,250. What is the interest rate on this loan? Round to the nearest percent. 5% 8% 9% 296 Question 15 1 pts RTR Corp. has reported a net income of $812,425 for the year. The company's share price is $13.45, and the company has 312,490 shares outstanding. Compute the firm's price-earnings ratio. Round your final answer to two decimal places. 3.19 times 8.12 times 4.87 times 5.17 times 1 pts Question 16 D Henry is considering an investment that pays 6.5 percent annually. How much must he invest today such that he will have $25,000 in seven years? (Round to the nearest dollar.) $19,850 $16,088 $12,625 $17.474 Question 17 1 pts Joshua wants to save for a trip to Australia. He will need $12.000 at the end of four years. He can invest a certain amount at the beginning of each of the next four years in a bank account that will pay him 6.8 percent annually. How much will he have to invest annually to reach his target? (Round to the nearest dollar) $3,000 $2,538 $2,980 $2.711 Question 18 1 pts