Note: The answer is B. Please solve using hand calculations.

Use the calculations below to answer question 17. Rate (i) 0.05 0.06 0.07 0.08 0.09 0.1 0.11 0.12 0.13 0.14 0.15 0.16 0.17 0.18 0.19 0.2 0.21 0.22 0.23 0.24 0.25 Party Palace NPW (i) $3,256.94 $2,788.12 $2,346.90 $1,931.28 $1,539.42 $1,169.61 $820.33 $490.13 $177.73 ($118.10) ($398.46) ($664.36) ($916.75) ($1,156.50) ($1,384.42) ($1,601.25) ($1,807.69) ($2,004.36) ($2,191.86) ($2,370.74) ($2,541.51) Celebration Zone NPW (i) $2,797.11 $2,506.67 $2,235.30 $1,981.47 $1,743.81 $1,521.05 $1,312.06 $1,115.78 $931.25 $757.61 $594.05 $439.83 $294.28 $156.80 $26.80 ($96.24) ($212.78) ($323.28) ($428.14) ($527.73) ($622.41) 17. The AROR is between ... a) 5 and 6% b) 7 and 8% c) 8 and 9% d) 13 and 14% e) 19 and 20% f) None of the above g) Not enough information to determine Use the calculations below to answer question 17. Rate (i) 0.05 0.06 0.07 0.08 0.09 0.1 0.11 0.12 0.13 0.14 0.15 0.16 0.17 0.18 0.19 0.2 0.21 0.22 0.23 0.24 0.25 Party Palace NPW (i) $3,256.94 $2,788.12 $2,346.90 $1,931.28 $1,539.42 $1,169.61 $820.33 $490.13 $177.73 ($118.10) ($398.46) ($664.36) ($916.75) ($1,156.50) ($1,384.42) ($1,601.25) ($1,807.69) ($2,004.36) ($2,191.86) ($2,370.74) ($2,541.51) Celebration Zone NPW (i) $2,797.11 $2,506.67 $2,235.30 $1,981.47 $1,743.81 $1,521.05 $1,312.06 $1,115.78 $931.25 $757.61 $594.05 $439.83 $294.28 $156.80 $26.80 ($96.24) ($212.78) ($323.28) ($428.14) ($527.73) ($622.41) 17. The AROR is between ... a) 5 and 6% b) 7 and 8% c) 8 and 9% d) 13 and 14% e) 19 and 20% f) None of the above g) Not enough information to determine