Five years ago, money was invested at 6.75% / a compounded annually. Today, the investment is worth $825. How much was originally invested ? (Do not type the $ sign in your answer, and remember to round your answer to 2 decimal places) A/ Question 7 (1 point) Jamal wants to save for a used car that he would like to purchase 3 years from now. He decides to invest in a ETF that pays 6.5%/a compounded monthly. He expects to need $6000 to buy the car. How much must Jamal invest today to reach his goal? (Do not type the $ sign in your answer, and remember to round your answer to 2 decimal places) A/ Question 8 (1 point) When dealing with financial situations a higher interest rate is ALWAYS better? O True O False