Randy plans to make the following investments in an account, with the first amount to be deposited at the end of next year. If his investments will grow by 5% per year, how much will he have in the account at the end of six years? (Round to the nearest dollar) Year 1: $450 Year 2: $390 Year 3: $650 Year 4: $720 Year 5: $970 Year 6: $830 $2,890 $4,010 $4.443 $3,316 Question 38 2.5pts What is the effective annual interest rate (EAR) for a 7.25% nominal rate of interest, if interest is compounded daily. 7.25% 7.52% 8.23% 8.03%