Part Two 1- You deposited $1,000 in a savings account that pays 8 percent interest, compounded annually planning to use it to finish your last year in college. A year and a half later, how much money will you receive? * O a-$1,171 b-$1,122 c- $1,082 O d-$1,163 Oe. None of the above 2- South Penn Trucking is financing a new truck with a loan of $10,000 to be repaid in 5 annual end-of-year installments of $2,504.56. What annual interest rate is the company paying? a-8% b-9% C-10% Od-11% e-None of the above 3- You are currently investing your money in a bank account that has a nominal annual rate of 7 percent. How many years will it take for you to double your money? a- 8.67 b- 9.15 C10.24 d-10.25 e-None of the above