4. Finding the interest rate and the number of years AaAa The future value and present value equations also help in finding the interest rate and correspond to present and future value calculations. the number of years that If a security currently worth $9,200 will be worth $20,338.27 seven years in the future, what is the implied interest rate the investor will earn on the security-assuming that no additional deposits or withdrawals are made? Q 0.32% 12.00% 2.21% 4.5296 If an investment of $30,000 is earning an interest rate of 4.00%, compounded annually, then it will take for this investment to reach a value of $35,790.79-assuming that no additional deposits or are made during this time. Which of the following statements is true-assuming that no additional deposits or withdrawals are made? lt takes 10.50 years for $500 to double if invested at an annual rate of 5%. It takes 14.21 years for $500 to double if invested at an annual rate of 5%. Flash Player WIN 32,0,0,114 3 20042010.t reserved Continue without saving 1. Simple versus compound interest Financial contracts involving investments, mortgages, loans, and so on are based on either a fixed or a variablie nterest rate. Assume that fixeinterest rates are used throughout this question. Zoe deposited $800 in a savings account at her bank. Her account will earn an annual simple interest rate of 9%. If she makes no additional deposits or withdrawals, how much moneyO $2,452.64 will she have in her account in 13 years? $1,736.00 O $172.00 O $878.48 Now, assume that Zoe's savings institution modifies the terms of O$2,452.64 her account and agrees to pay 9% in compound interest on her $220.74 $800 balance.All other things being equal, how much money will $1,736.00 Zoe have in her account in 13 years? O $872.00 Suppose Zoe had deposited another $800 into a savings account at a second bank at the same time. The second bank also pays a nominal (or stated) interest rate of 9% but with quarterly compounding. Keeping everything else constant, how much money will Zoe have in her account at this bank in 13 years? O $172.00 O $2,544.38 O $249.60 O $874.47 Flash Player WIN 32,0,0,114