9. (10 points) If $3,400 is invested at a quarterly rate of interest of 2.5%. c. how much will the investment be worth after 18 months? d. What is the corresponding AER? 10. (10 points) An investor has to choose between the following three projects: Project A requires an outlay of 35,000 and returns 60,000 after 4 years Project B requires an outlay of 40,000 and returns 75,000 after 5 years Project C requires an outlay of 25,000 and returns 50,000 after 6 years a. Determine the net present value of each project if the cost of capital is 10%. b. Which project would you advise this investor to put money into