1a.) You plan to invest in bonds that pay 9.29%, compounded annually. If you invest $10,000 today, how many years will it take for your investment to grow to $30,000?

12.37

13.74

15.27

16.97

18.85

b. What's the future value of $1,654 after 5 years if the appropriate interest rate is 6%, compounded semiannually?

$1,819

$1,915

$2,016

$2,117

$2,223

c. Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $205.1 at the end of each quarter and then pay off the principal amount at the end of the year. What is the effective annual rate on the loan?

8.46%

8.90%

9.37%

9.86%

10.38%