. 19. Ryan recently won $7,777 in a provincial lottery. After buying a new TV, Ryan invested his remaining $7,000 in Mike's Motors bonds bearing an interest rate of 2.5% per annum, compounded weekly. His friend, a business student, has suggested that Ryan instead invest his money in one of the following: Tyler's Taters bond at a rate of ji = 2.5% Raf's Roots bond at a rate of ji2 = 2.5% Lee's Lemonade bond at a rate ofja = 2.5% Which option should Ryan choose? (1) Tyler's Taters (2) Raf's Roots (3) Lee's Lemonade (4) Remain invested with Mike's Motors 20. Which of the following statements is TRUE? (1) The rate per annum, compounded semi-annually, that is equivalent to 6.75% per annum, compounded monthly, is 6.656992%. (2) The quarterly periodic rate of interest (19) that is equivalent to 7.5% per annum, compounded semi-annually, is 1.775548%. (3) The daily periodic rate (ia) that is equivalent to 4% per annum, compounded semi-annually, is 0.0108513%. (4) None of the above