1a)

1b)

Katherine heard that he could triple his money in 14 years if he invested it in a large telecommunications business. What nominal interest rate compounded monthly does the business offer? % Round to two decimal places Katherine wants to double his money in 17 years in an investment fund. What nominal monthly compounding interest rate do you suggest that he look for? (Hint: If money doubles, the ratio of FV to PV is 2.) % Round to two decimal places