If you earn 8% per year on your bank account, how long will it take an account with $250 to triple to $750? (8% is annual interest rate and given annual compounding) Multiple Choice 14.27 years 10.27 years 15.89 years 12.58 years P Save & Exh Submit Your real estate agent mentions that homes in your price range require a payment of $2000 per qaurter for 27 years at 1.2% interest per quarter. What is the size of the mortgage with these terms? Multiple Choice $120,709.48 $44,056.57 $45,892.26 $123,123.67 Help Save & Exh Which of the following is NOT a function of financial markets? Submit Multiple Choice Risk transfer and diversification Transport Cash across time Provide information Mitigate agency problem Save & Exht Submit How much more is a perpetuity of $600 worth than an annuity of the same amount for 32 years? Assume an annual interest rate of 6% and cash flows at the end of each period. Given annual compounding. Multiple Choice $1,596.06 $1,549.57 O $1,704.53 $1.472.09