QUESTION 31 PROBLEM 4 (Cont.) Whitewater S&L provides CDs with an 18% annual interest rate compounded quarterly. What is the effective annual rate? O a. 18.40% b. 19.25% O c. 19.40% O d. 20.40% e. None of the above QUESTION 32 PROBLEM 4 (Cont.) What is the monthly discount factor (or present value factor) at 3% for 30 years? O a. 17.71% O b. 19.60% O c. 20.30% O d. 21.33% O e. None of the above