Joanna just put $500 into a bank account that has a stated interest rate of 5.4%. If the bank account earns compound interest, how much money will be in her account after five years?

A. $688.27

B. 669.111

C. 656.58

D.650.39

E.681.83

Now assume the compound interest is compounded quarterly. That means interest is compounded four times a year. Assuming 5.4% nominal interest, compounded quarterly, how much money will be in Joanna's account after five years?

A.$653.80

B. 633.83

C. 671.96

D. 659.02

E. 685.12