Consider an investment that pays interest monthly for 8 years with an annual interest rate of 7%. Which of the following are true?

		N = 8 years / 12 months = 66.67 periods I/Y = 7% * 12 months = 8.4% monthly interest rate
		N = 8 years / 12 months = 66.67 periods I/Y = 7% / 12 months = 5.833% monthly interest rate
		N = 8 years * 12 months = 96 periods I/Y = 7% * 12 months = 8.4% monthly interest rate
		N = 8 years * 12 months = 96 periods I/Y = 7% / 12 months = 5.833% monthly interest rate