1- What is the future value of $8500 after 5 years if it earns 9.5% compounded quarterly?* $14,245.74 $12,345.74 $16,265.74 All of the answer choices are wrong 2- What was the annually compounded nominal rate of growth if the future value of $1000 after 20 years was $4016.94? Calculate interest rates accurate to the nearest 0.01%. * 6.20% compounded annually 5.20% compounded annually 7.80% compounded annually All of the answer choices are wrong