Question 9 Not yet saved You invest $3,000 and earn $1047 over 22 months. What nominal rate of annual interest (compounding monthly) did you earn? (expressed as a percentage to two decimal places; don't use the % sign) Marked out of 1.00 P Flag question Answer: Question 10 Not yet saved You owe your parents $20,000 (in present day dollars) and want to repay them in equal amounts the first to occur in 2 years from today and the other in 7 years from today. If the interest rate is 10.9% per annum compounding monthly, what will be the amount of each repayment? Marked out of 1.00 P Flag question a. $15713 b. $24848 c. $42747 d. $24598