You just deposited $6,000 into an account that pays 15% compounded annually. How ong will it take for your money to triple? (Round to the nearest whole number) 2 years 4 years 6 years 8 years 10 years Suppose you purchased a 100 shares of stock for $15.00 per share four years ago and today the stock is priced at $36.62 per share. What is the annual rate of growth in the price of the stock? a. 15% b. 20% c. 25% d. 30% e. 144% 31. You've just one a contest and must select between two methods of payment of the prize. Under the first option you would receive $1,000 today plus $1,000 at the beginning of each of the next eleven months. Under option two you would receive $12,750 at the end of the year. If you discount cash flows based on a twelve percent APR with monthly compounding, which option will maximize your wealth? a. Option 1 b. Option 2 c. The options are of equal value d. Cannot tell without more information e. Option 1 would be better if the payments came at the end, instead of the beginning, of each period