An investment offers to quadruple your money in 24 months. What rate per three months (quarterly rate) are you being offered, given the investment compounds quarterly?

a. 15.05% b. 14.72% c. 18.92% d. 17.13%

You have an $11,000 deposit. Bank A offers an annual rate of 14% compounded monthly, while Bank B also offers an annual rate of 14% but compounded annually. What is the difference between your deposit at Bank A and Bank B at year 20?

a. $21,000.05 b. $26,804.58 c. $25,691.25 d. $27,044.52 e. $28,723.83

Five years ago, Bella Inc. earned $2.50 per share. Its earnings this year were $4.50. What was the compounded annual growth rate in Bella Inc.'s earnings per share (EPS) over the 5-year period? (hint: what is I/Y or rate?)

a. 24.57% b. 15.97% c. 12.47% d. 10.13%