Please answer all parts of problem :)

a) Jack opened a savings account with $5,000 that pays 3% annual interest compounded monthly. At the same time, Jill opened another account with $5,000 into an account that offers 2.95% interest, compounded daily. Both keep this money invested for 5 years in their respective accounts. Which of the following statements is correct?

Choose the correct answer:

Jill will have $13.96 more than Jack at the end of 5 years

Jack will have $14.06 more than Jill at the end of 5 years

Jill will have $14.06 more than Jack at the end of 5 years

Jack will have $13.45 more than Jill at the end of 5 years

Both Jack and Jill will have same balance at the end of 5 years

b)

In how many years will you pay off a $7,000 loan with 8.5% annual interest compounded monthly, if your monthly payments are only $50, at the end of each month?

Choose the correct answer:

You can never payoff this loan, ever

134.21 years

678.27 years

72.31 years

56.52 years

c)

Arnold invested $75,000 in a portfolio that pays 8 percent interest, compounded annually for 5 years. How much interest on interest did he earn over this period of time as compared to the same investment with 8% simple interest?

Choose the correct answer:

$2,679.01

$5,199.61

$6,000.00

$4,317.92

$7,369.15

d)

You need to buy a car worth $35,000 five years from now . How much do you need to save today at 6.9% interest, compounded annually to reach your goal? Assume that there will be no other deposits in this account.

Choose the correct answer:

$25,071.45

$30,886.40

$27,880.69

$26,132.56

$28,211.17