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. Zoe plans to loan $1,800 to her friend, who will pay a simple interest rate of 6.6% 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 Zoe's friend owe her? O $2,477.76 $2,394.00 O $1,926.64 O $218.80 Now, assume that Zoe's friend volunteers to pay compound interest instead of simple interest for her loan. If interest is accrued at 6.6% compounded annually, all other things being equal, how much money will Zoe's friend owe her in five years?O $163.53 o $1,918.80 O $2,394.00 o $2,477.76 Zoe has another investment option in the market that pays 6.6% nominal interest, but it's compounded quarterly. Keeping everything else constant, how much money will Zoe have in five years if she invests $1,800 in this fund? O $175.68 O $1,921.77 O $218.80 O $2,497.01