Wendy has $100 invested in a bank that pays 6% annually. How long will it take for her funds to triple 18.85 years 19.85 years O 18.30 years 18.89 years 18.99 years 19.19 years O QUESTION 12 On January 1 you deposit $20 in an account that pays a nominal interest rate of 9%, with daily.compounding (365 days). How much will you have on October 1, or after 9 months (273 days? $20.83 $20.23 $21.39 $21.23 $21.83 $22.23 QUESTION 13 If a bank compounds savings accounts daily, the effective annual rate will exceed the nominal rate True False