a) On January 28, 2022, Bella deposits $8300.00 in a savings account earning 6.40% simple interest.

How much money is in her account on June 8, 2022 assuming we are using an ACT/365 daycount convention?

A: $8066.12

B: $8745.37

C: $8490.65

D: $8915.18

E: $8235.93

b) Angela has $505.00 in her savings account earning 8.00% interest compounded

monthly. How many compounding periods (days, months, years, whatever) until she has doubled her money?

A: 102

B: 104

C: 108

D: 106

E: 105

c) Given a nominal annual interest rate of 10.00% compounded quarterly and an effective annual

inflation rate of 3.05%, what is the effective annual real rate of return?

A: 7.32773%

B: 7.18545%

C: 7.11430%

D: 6.75859%

E: 7.39887%