Assume that a bank offers an interest rate of 8% for vear 1. 10% for year 2, 3% for 3. 1% for year 4. and 6% for year 5. Suppose you want to invest $5.000 today in t bank year a. II the bank pays you on a simple interest basis, how much the end of 5th year? $6400 money would you have at b. If the bank pays you on a compound interest basis, how much money would at the end of 5th year? $6550.14 you have C. How much interest did you earn on interest if it is compound interest? $150.14 Assume compound interest and fixed (not changing) interest rate uniess otherwise stated/indicated.