Your credit card charges you 0.9 percent interest per month. This rate when multiplied by 12 is called the: Periodic interest rate Period interest rate Annual percentage rate. Compound interest rate Effective annual rate On your eighth birthday, you received $850 which you invested at 7.8 percent interest, compounded annually. Your investment is now worth $2,433. How old are you today? Age 19 Age 16 O Age 27 Age 24 You are considering two projects with the following cash flows: Year Project C $9,300 Project D $3,900 1 2 $7,500 $5,700 3 $7,500 $5,700 $3,900 4 $9,300 Which one of the following statements is true concerning these two projects given a positive discount rate? Project D has a higher present value than Project C. Project C has both a higher present value and a higher future value than Project D. Both projects have the same value at time zero. Both projects are regular annuities