Question 7 and 8

(2 points) 5 Your parents agree to pay half of the purchase price of a new car when you graduate from college. You will graduate and buy the car two years from now. You have $6,000 to invest today and can earn 10% on invested funds. If your parents match the amount of money you have in two years, what is the maximum you can spend on the new car? 12 OA) $13,250 15 B) $12,000 OC) $7.260 18 OD) $11.948 21 E) $14.520 Question 8 (2 points) Jeff invests $3.000 in an account that pays 79 simple inzerost. How much more could he have earned over a 20-year period in the interest bad compounded annually A