9. You are considering taking out a loan from one of the following banks. Bank A charges an EAR of 10.2 percent. Bank B charges an APR of 10.0 percent annually. I Bank C charged an APR of 9.9 pereent, compounded semi-annually. Bank D charged an APR of 9.9 percent, compounded quarterly. Which bank should you choose for your loan? A. Bank A B. Bank B C. Bank C D. Bank D E. Not enough information to compare the banks' rates. Answer: 10. You want to invest an amount of money today and receive back four times that amount in the future. You expect to earn 3 percent annual interest. How long must you wait for your investment to quadruple in value? A. 7.2 years B. 14.0 years C. 14.3 years D. 46.9 years E. 48.0 years