To compare investments, analysts convert monthly, quarterly, semiannual rates to annual rates. If an investment of $100,000 is invested at 4.5% twice a year, compounded semiannually, the growth can be modeled by the equation A(t) = 100,000(1.045)2t. What is the equivalent annual growth rate for this investment (rounded to the nearest hundredth of a percent) and what is it worth (rounded to the nearest thousand dollar) after 15 years? 2.23% and $139,000
15.01% and $194,000
9.21% and $375,000
9.01% and $364,000