a niagara.blackboard.com Question Completion Status: Question 14 of 15 & Moving to another question will save this response. 10 points Save Answer You owe your friend some money. You are given two options: Option 1. You can pay $600 right now. Option 2. You can pay $100 now, and $525 in 8 months. If you can earn interest at 6% compounded daily, which option should you choose and why? For full marks on this question, you must correctly choose the better option AND explain mathematically why that option is better in your rough work. Answers without correct mathematical explanations will receive a score of zero. You do not need to show all of your calculations, but I will need to see correct numbers that support your answer. You must write the numerical difference between the two options. C) a. Option 1: Pay $600 right now D b. Option 2: You can pay $100 now, and $525 in 8 months. 0 c. Neither. Question 14 of 15 a niagara.blackboard.com Your answers are saved automatically. Question Completion Status: Save and Submit Question 15 of 15 A Click Submit to complete this assessment. 4 points Save Answer Which investment will give you the higher future value in 5 years? Investment 1: You deposit $100 every month into an investment savings account that has an interest rate of 2.5% compounded daily. Investment 2: You deposit $300 every three months into an investment savings account that has an interest rate of 2.6% compounded semi-annually. O A. Investment 1 O B. Investment 2 Question 15 of 15 A Click Submit to complete this assessment. 5:38 niagara.blackboard.com Question Completion Status: Moving to another question will save this response. 6 points Save Answer The Simpson Company invested $20000 in a fund that was earning interest at a rate of 5% compounded semi- annually. After 3 years and 9 months, the company transferred these funds to another investment that was earning interest at 5.5% compounded monthly. What is the balance in the fund at the end of 5 years (from the initial investment)? Show your calculator entries in the table below with the first 3 years and 9 months on the left and the remainder of the time on the right. IN= N= V/Y = I/Y = PV = PV = PMT = PMT FV = FV = P/Y = P/Y = C/Y = C/Y = The balance in the fund at the end of 5 years is $ >