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. Emma plans to loan $1,100 to her friend, who will pay a simple interest rate of 9% every year for the loan. If no payments are made and no further borrowing occurs between them for 5 years, then how much money will Emma's friend owe her? $199.00 $1,692.49 $1,595.00 $1,207.91 Now, assume that Emma's friend volunteers to pay compound interest instead of simple interest for her loan. If interest is accrued at 9% compounded annually all other things being equal, how much money will Emma's friend owe her in 5 years? $1,595.00 $1,199.00 $152.32 $1.692.49 Emma has another investment option in the market that pays 9% nominal Interest, but it's compounded quarterly, Keeping everything else constant, how much money will Emma have in 5 years if she invests $1,100 in this fund? $168.39 $199.00 $1,716,56 $1,202.)