QUESTION 6 Today, you deposit $4,500 in a bank account which pays 5 percent simple interest. How much interest will you earn over the next 5 years? a. $710 b. $765 OC. $950 Od $1,125 QUESTION 7 You just inherited $10,000. You are investing this money for 2 years at 4 percent annual compound interest. How much money will you have at the end of the 2 years? (Lump sum situation) Oa a $9,723 Ob. $10,816 OC $11,914 Od $12,650