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10 P What is the effective annual rate of 18 percent compounded semi-annually? O 18.35 percent 19.25 percent 20.50 percent 18.81 percent QUESTION 4 10

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10 P What is the effective annual rate of 18 percent compounded semi-annually? O 18.35 percent 19.25 percent 20.50 percent 18.81 percent QUESTION 4 10 point Rolando is considering an investment of $5,000 each year for 20 years. The investment will pay 9 percent annual interest. How much will this investment be worth at the end of the 20 years? $225,239.04 I o $255,800.60 o $246,804.88 $273,529.50 QUESTION 5 1 Alex is considering an investment that will pay $3,000 a year for 10 years, starting one year from today. How much should he pay for this investment if he wishes to earn a 11 percent rate of return? $23,597.70 $19,518.10 I $17,667.70 o $25,934.59

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