5. Your bank account pays a nominal interest rate of 8%, compounded quarterly. You deposit $500 in the account today, and deposit $1,000 in the account at the end of the first year. How much will you have in the account at the end of the first year?* (6 Points) $1,540 $1,623.60 $1,461.90 $1,462.95 $1,541.20