QUESTION 13 You are in the process of finding an auto loan. You find that BB&T offers car loans with the following attributes: APR = 6.60% Compound period is semi-annually. Wells Fargo offers an auto loan with an APR of 6.55% It has a monthly compound period. Your friend says that since Wells Fargo is less expensive , it should be your choice. What is the effective annual interest rates for both? Which loan would you choose? a. 6.80% for BB&T; 6.66% for Wells Fargo; Choose Wells Fargo O b. Indifferent between the two loans as their Effectives Rates are equivalent C. 6.71% for BB&T; 6.75% for Wells Fargo; Choose BB&T d. 6.60% for BB&T; 6.55% for Wells Fargo; Choose Wells Fargo QUESTION 14 You have an opportunity to invest in a 4 year investment where there is only one deposit required in time period 2. Expected Future Cash Deposits: year 2 = $15,678 The expected annual rate of return over the 4 years is 9.60% Interest will be compounded on a quarterly basis. You need to accumulate $18,800 by the end of the 4th year. How much will you accumulate by the end of year four. Oa. FV = $18,996 Ob. FV = $18,954 Oc. FV = $18,982 O d. FV = $18,912 QUESTION 15 $456.00 $655.00 You purchased a stock in January 2018 for By the end of January 2020, the stock was selling for What is the rate of return on this investment? a. Rate of Return = 20.15% O b. Rate of Return = 18.95% c. Rate of Return = 17.76% d. Rate of Return = 19.85%