Question 1 0.25 pts Alfred invests $3,500 into a mutual fund that earns 11%, compounding quarterly. If he keeps the money there for 8 years, how much will he have once he withdraws the money? O $6,580.00 O $8,065.88 O $8,404.39 O $8,338.47 Question 2 0.25 pts Kim invests $1,800 in a Roth IRA. This account earns 7.5%, compounding every six months. If Kim lets her investment sit for the 20 years till she retires, how much will be in the account when she retires? O $99.75 O $7,848.68 $4,500.00 O $8,029.47 Question 3 0.25 pts Debbie has saved up $4,000 and wants to purchase a certificate of deposit to ensure that it will grow. Her bank offers 6% on CD's that will mature in 10 years. How much will Debbie receive when the CD matures? O $6,400.00 $2,233.58 $7,163.39 O $7,277.59 Question 4 0.25 pts Ingrid has $6,500 that she can invest for 20 years towards her retirement. Her two options are the following (1) A certificate of deposit that earns 13%, weekly compounding, or (2) a mutual fund that earns 13.5%, compounding annually. Assume there are 52 weeks in the year. How much money will be in each account at the end of the 20 years? O (Option 1) $87,230.81 (Option 2) $81,814.56 O (Option 1) $23,400.00 (Option 2) $24,050.00 O (Option 1) $87,230.81 (Option 2) $95,271.21 O (Option 1) $86,299.15 (Option 2) $95,271.21 Question 5 0.25 pts Bruce wants to buy a set of antique bat figurines. He can't afford them now, but believes that in 8 years, they will cost $6,000. He can invest $3,000 into an account today, which he will let sit for the whole 8 years. This account earns 9% interest, compounded monthly. How much will this investment grow to by the end of the 8 years? O $12,293.53 O $2,928.37 O $5,977.69 O $6,146.76