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. Olivia plans to loan $1,400 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 five years, then how much money will Olivia's friend owe her? $226.00$2,154.07$1,537.34$2,030.00 Now, assume that Ollvia'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 Oivia's friend owe her in five years? $193.87$2,030.00$2,154.07$1,526.00 Oivi has another investment option in the market that pays 9% nominal interest, but it's compounded quarterly, Kseping everything else constant, how much money wis Oivia have in five years if she invests $1,400 in this fund? $226,00 $214.32