Question 10 (2 points) The value of a lease contract is $8000. It requires eleven equal lease payments to be made at the beginning of every month. If the cost of borrowing is 3.05% compounded daily, what is the size of the lease payment? $716.24 $738.42 $736.55 $718.07 Question 8 (9 points) At the beginning of every three months, $450 is deposited into a savings account for 10 years. The money remained in the account for another 5 years and earned an average of 3.46% compounded quarterly during the 15-year period. Include a well- labelled timeline diagram. 1. Calculate the accumulated amount after the 15-year period. 2. How much interest was earned on the account? Do not round intermediate values in your calculation. Express the final answers to the nearest cent. Provide your final answers in the accompanying textbox