Lew has $3,600 that he wants to invest for 5 years. He can invest this amount at his credit union and earn 2.2 percent simple interest. Or, he can open an account at Compass Bank and earn 2.15 percent interest, compounded annually. If he decides to invest at Compass Bank for 5 years, he will: O a. earn $8 more than if he had invested with his credit union. Ob earn the same amount as if he had invested with the credit union . earn $6 more than if he had invested with his credit union. Od have a total balance of $3,680 in his account after one year. O e. have a total balance of $4,012 in his account after 5 years. Which one of these is a perpetuity? O a. Car payment of $260 a month for 60 months Ob. Trust income of $1,200 a year forever O c. Lottery winnings of $1,000 a month for life O d. Retirement pay of $2,200 a month for 20 years O e Rental payment of $800 a month for one year A credit card has an annual percentage rate of 12.9 percent and charges interest monthly. The effective annual rate on this account: O a. will be less than 12.9 percent. Ob is 12.9 percent. Oc. can either be less than or equal to 12.9 percent. Od will be greater than 12.9 percent. O e. can either be greater than or equal to 12.9 percent