A bank is offering a savings account with an annual interest rate of 8% compounded semiannually. Jason and Kevin are both hoping to have $10,000 saved up at the end of the next 5 years.

• Jason plans to open an account and make equal deposits at the end of each semi-annual period
• Kevin plans to open an account and make equal deposits at the start of each semi-annual period

How much money should Jason deposit at each semi-annual payment? [ Select ] ["$801.69", "$2,000.00", "$960.00", "$1,000.00", "$832.91", "$800.87"]

How much money will Jason pay into this account in total over the 5 year period? [ Select ] ["$10,000.00", "$9,600.00", "$8,329.10", "$8,008.74", "$8,016.90"]

How much money should Kevin deposit at each semi-annual payment? [ Select ] ["$832.91", "$801.69", "$1,000.00", "$800.87", "$2,000.00"]

How much money will Kevin pay into this account in total over the 5 year period? [ Select ] ["$10,000.00", "$8,329.10", "$8,016.90", "$9,600.00", "$8,008.70"]