7. A woman opened a savings account this morning. Her money will earn 3.5% interest, compounded annually. After four years, her savings account will be worth $5,000. Assume she will not make any withdrawals. Given this, which one of the following statements is true?

a) She deposited more than $5,000 this morning.

b) She is earning simple interest on her savings.

c) She could have deposited less money today and still had $5,000 in four years if she could have earned a higher rate of interest.

d) The present value of her account is $5,000.

e) She could earn more interest on this account if she withdrew her interest earnings each year.