Emma plans to loan $1,100 to her friend, who will pay a simple $1,872.20 interest rate of 7.8% every year for the loan. If no payments are $1,192.49 made and no further borrowing occurs between them for nine years, then how much money will Emma's friend owe her? O $185.80 O $2,162.53 Now, assume that Emma's friend volunteers to pay compound interest instead of simple interest for her loan. If interest is accrued at 7.8% compounded annually, all other things being equal, how much money will Emma's friend owe her in nine years? $2,162.53 O $1,185.80 O $168.68 O $1,872.20 Emma has another investment option in the market that pays 7.8% nominal interest, but it's compounded quarterly. Keeping everything else constant, how much money will Emma have in nine years if she invests $1,100 in this fund? O $185.37 O $185.80 O $1,188.34 O $2,204.62