Question 5 3.75 pts At the end of each quarter, Francine Mott deposits $500 into an account that pays 12% annual interest compounded quarterly. How much will Francine have in the account in three years? $8,880. O $7.013. O $7,129. O $7,096. $6,000. D Question 6 3.75 pts Question 6 3.75 pts Which of the following describes monthly installment payments of a note payable? O None of the other answer choices are correct. The amount of interest expense recorded each month increases over time. O The monthly payments equal the reduction of the note's carrying value. O The amount of the reduction in the note's carrying value recorded each month decreases over time. The monthly payments equal interest expense plus the reduction of the note's carrying value. Question 7 3.75 pts