Question 7 (1 point) Which of the following statements, concerning the Consolidated Omnibus Budget Reconciliation Act (COBRA) is/are true? 1. Employees and dependents previously covered under a group health insurance plan may have that coverage extended under COBRA. II. COBRA is another term for a 401(k) plan. Both I and II I only Neither I nor II I and II only Question 11 (1 point) Regina deposits $1,000 per year, at year-end, for seven years into an IRA earning 5% compounded annually. What is the value of Regina's IRA in seven years? $8,549 $8,823 $8,142 $8,644 $8,345