ou are considering investing in a bank account that pays a nominal annual rate of 7%, compounded monthly. If ou invest $3,000 at the end of each month, how many months will it take for your account to grow to 250,000 ? Note that if the final answer is not a whole number, be sure to round it up to the nearest whole number. Select the correct answer. a. 67 b. 65 c. 69 d. 73 e. 71 A perpetuity pays $85 per year and costs $3,580. What is the rate of return? Select the correct answer. a. 4.17% b. 3.27% C. 0.57% d. 2.37% e. 1.47% You agree to make 24 deposits of $500 at the beginning of each month into a bank account. At the end of the 24th month, you will have $13,200 in your account. If the bank compounds interest monthly, what nominal annual interest rate will you be earning? Select the correct answer. a. 8.15% b. 9.95% c. 9.05% d. 7.25% e. 10.85%