Financial contracts involving investments, mortgages, loans, and so on are based on either interest rate. Assume that fixed interest rates are used throughout this question. Mia deposited $1, 700 at her local credit union in a savings $2, 771.00 account at the rate of 7% paid as simple Interest She will earn $1, 827.33 interest once a year for the next nine years. If she were to make $219,00 no additional deposits or withdrawals, how much money would $3, 125.38 the credit union owe Mia in nine years? Now, assume that Mia's credit union pays a compound interest $218.78 rate of 7% compounded annually. All other things being equal, $1, 819.00 how much will Mia have in her account after nine years? $3, 125.38 $52, 771.00 Before deciding to deposit her money at the credit union, Mia checked the interest rates at bank was paying a nominal interest rate at bank was paying a nominal rate of 7% compounded quarterly. If Mia had deposited how much would she have had in her account after nine years? $237.78 $3, 174.59 $1, 822.16 $219,00