please respond to the following multiple choice -

You have $1,000 in your account, at 7 percent interest compounded semi-annually, how long would it take to get $4,000?

a. 27.91 years

b. 20.15 years

c. 18.28 years

d. 14.92 years

e. 12.44 years

Genes Art Gallery is considering a project which has an initial cash requirement of $301,500. The project will yield cash flows of $6,970 quarterly for 20 years. What is the rate of return on this project?

a. 4.04 percent

b. 4.81 percent

c. 5.68 percent

d. 6.89 percent

e. 7.16 percent

You want to open a savings account. There are five banks located in your area. The rates paid by banks A through E, respectively, are given below. Which bank should you select if your goal is to maximize your interest income? (compare the effective rates that actually applies to you each year)

a. 3.81 percent, compounded quarterly

b. 3.79 percent, compounded semi-annually

c. 3.87 percent, compounded annually

d. 3.77 percent, compounded monthly

e, 3.85 percent, compounded semi-annually