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e Question QUESTION 5 Twelve years ago, you deposited $3,400 into an account. Seven years ago, you added an additional $1,000 to this account You eamed 8 percent, compounded annually, for the first 5 years and 5.5 percent, compounded annually, for the last 7 years. How much money do you have in your account today? O $5,666.67 o $671 729 O $7,411.90 O $8,708.15 O S8,721.97 lan QUESTION 6 1 points Save Answer Today, Courtney wants to invest less than $5,000 with the goal of receiving $5,000 back some time in the future. Which one of the following statements is correct? O The period of time she has to wait until she reaches her goal is unaffected by the O The lower the rate of interest she eams, the shorter the time she will have to wait to O She will have to wait longer if she earns 6 percent compound interest instead of 6 compounding of interest reach her goal. percent simple interest The length of time she has to wait to reach her goal is directly related to the interest rate she earns. O The period of time she has to wait decreases as the amount she invests today Des Shi increases Click Save and Submit to save and submit. Click Save All Ansuers t save all answers Mi Save All Answers Save and Submit O Type here to search 3 8 6