Ad Financial contracts involving investments, mortgages, loans, and so on are based on either a fixed or a variable interest rate. Assume that fixed interest rates are used throughout this question Mia deposited $900 in a savings account at her bank. Her account $1,262.30 will earn an annual simple interest rate of 7%. If she makes no $967.41 additional deposits or withdrawals, how much money will she have in her account in five years? $163.00 $1,215.00 Now, assume that Mia's savings institution modifies the terms of $88.36 her account and agrees to pay 7% in compound interest on her $1,215.00 $900 balance.All other things being equal, how much money will Mia have in her account in five years? $963.00 $1,262.30 Suppose Mia had deposited another $900 into a savings account at a second bank at the same time. The second bank also pays a nominal (or stated) interest rate of 7% but with quarterly compounding. Keeping everything else constant, how much money will Mia have in her account at this bank in five years? $1,273.30 $95.37 $163.00 $964.67