At 12% annual interest, how long would it take to quintuple (five times) your investment? (hint imagine PV=100, and FV=500 ) 15 years 13 years 14 years 12 years QUESTION 29 What is the nominal annual rate (APR) if a bank charges you a 9 percent actual rate (EAR=9\%) compounded weekly (52 weeks a year)? (hint: use nominal function in excel to get APR) 8.65% 8.62% 8.71% 8.84%