17. You are considering two investments described below:

Investment

A 10% compounded quarterly

B r compounded semiannually

Both investments A and B have equal annual percentage yields. Find r.

a. 19.875%

b. 10%

c. 10.38%

d. 10.125%

e. 12.0%

18. At 18.9% percent compounded annually, $50,000 will double in about:

a. 6.5 years

b. 4 years

c. 9 years

d. 12 years

e. none of the above