Question 8 (1 point) Your client invested $10,000 in an interest bearing promissory note earning an 11% annual rate of interest, compounded monthly. How much will the note be worth at the end of 7 years, assuming that all interest is reinvested at the 11% rate? 1) $13, 788.43. 2) $20,762.60. 3) $21,048.52. 4) $21,522.04