A house increased in value over a number of years, at a constant rate of compound interest of 5.5% per annum. Calculate the number of years for the value of this house to increase from $300,000 to $541,000.

Select one:

a.

14.5 years

b.

12.1 years

c.

8.0 years

d.

11.0 years

If a stock's market price is below its intrinsic value, then it would be a good buy. It is known as being overvalued.

Select one:

a.

False

b.

True