46. What is the effective annual percentage rate (EAR) of 14 percent compounded monthly? A. 15.00% B. 14.88% C. 14.65% D. 15.03% E. 14.93% 47. You are currently investing your money in a bank account that has a nominal annual rate of 7 percent. According to the rule of 72, how many years will it take for you to double your money? a. 8.67 years b. 9.15 years c. 9.50 years d. 9.93 years e. 10.29 years 48. Refer to the above problem. Exactly how long would it take to triple your money? a. 16.24 years b. 20.36 years .14.58 years d. 18.37 years e. 21.44 years