17. Kay purchased some land costing $124,600. Today, that same land is valued at $179,400. How long has she owned this land if the price of land has been increasing at 6% per year? A. 5.95 years B. 6.26 years C. 6.33 years D. 6.50 years E. 6.57 years

18. Chia Burgers began operations by opening 115 restaurants in Western Canada at the end of its first year of operations. By the end of year 2, an additional 5 restaurants were opened. By the end of year 3, there were 130 restaurants operational. At the end of year 5, there were 138 total restaurants. If the number of eating establishments is expected to grow in year 6 at the same rate as the percentage increase in year 5, how many new eating establishments will be added in year 6? A. 5 B. 6 C. 7 D. 8 E. 9

19. Stephen has $2,400 to invest. Which one of the following investment options will produce the largest future value for him? A. 7% simple interest for 10 years B. 7%, compounded annually for 10 years C. 7%, compounded monthly for 12 years D. 7%, compounded annually for 12 years E. 7, simple interest for 12 years

20. Six years ago, Home Health Industries (HHI) adopted a plan to expand its services next year. At the time the plan was adopted, HHI set aside $125,000 in excess funds to be held for this purpose. As of today, that money has increased in value to $186,408. What rate of interest is the firm earning on these funds? A. 6.89% B. 7.10% C. 7.18% D. 7.27% E. 7.43%