Question 16 (1 point) How much will you receive at the end of the fourth year if you deposit $400 in a bank paying 12% interest annually? 1) $629.41 O2) $546.54 3) $444.20 O4) $332.45 Question 17 (1 point) At an effective annual interest rate of 12.95%, how many years will it take a given amount to triple in value (Round to the closest year)? O 1) 6 years O2) 7 years 3) 8 years 0 4 9 years Question 18 (1 point) In 1975 the average tuition for one year at an Ivy League school was $3,500. Thirty years later in 2005, the average cost was $26,643. What was the growth rate (like interest rate) in tuition over the 30-year period? O 1) 10% O2) 9% 3) 8% 04 7% 8 Question 19 (1 point) If you invest $200 at the end of each month over the next 20 years in a mutual fund that has a nominal annual rate of return of 12%, how much will you get at the end of 20 years? 1) 514 410 OZ) 548,000 3) $197.851 04) 5346,587