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. Addison deposited $1,100 at her local credit union in a savingsO $2,920.36 account at the rate of 7.8% paid as simple interest. She will earn 0 $185.80 interest once a year for the next 13 years. If she were to make O $1,192.49 no additional deposits or withdrawals, how much money would the credit union owe Addison in 13 years? O $2,215.40 Now, assume that Addison's credit union pays a compound interest rate of 7.8% compounded annually. All other things being equal, how much will Addison have in her account after 13 O $1,185.80 years? O $227.79 O $2,215.40 O $2,920.36 Before deciding to deposit her money at the credit union, Addison checked the interest rates at her local bank as well. The bank was paying a nominal interest rate of 7.8% compounded quarterly. If Addison had deposited $1,100 at her local bank, how much would she have had in her account after 13 years? O $252.48 $185.80 O $1,188.34 o $3,002.82