Question: Question 5 [5 points] How long would it take you to double your money in an investment if it ears 3.75% compounded semi-annually? For full

Question 5 [5 points] How long would it take you to

Question 5 [5 points] How long would it take you to double your money in an investment if it ears 3.75% compounded semi-annually? For full marks, your answer should be rounded to the nearest whole month Time 0 years 0 months Question 6 [5 points] Early last year, the Paul Growth Fund ran advertisements in the financial pages of major newspapers. The "ad" had primarily empty space containing the simple message: $15,000 INVESTED IN PAULINVESTMENT GROWTH FUND ON DECEMBER 31, 1970 WOULD BE WORTH $3.50 MILLION ON DECEMBER 31, 2020 What annual rate of return did the fund realize over the period ending December 31 last year if interest was compounded semi-annually? Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56% C Annual rate = 0.00 %

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