Show Timer Question Completion Status: QUESTIONS 52 Marat just deposited $3,500 in an account that will earn 7.2 percent per year in compound interest for 8 years. If Jelena deposits $4,000 in an account in 3 years that earns simple interest, then how much simple interest per year must Jelena earn to have the same amount of money in 8 years from today as Marat will have in 8 years from today? a. 10.52% (plus or minus .02 percentage points) b.6.58% (plus or minus .02 percentage points) c. 8.82% (plus or minus .02 percentage points) d. 12.02% (plus or minus .02 percentage points) e. None of the above is within .02 percentage points of the correct answer QUESTION 14 5 po The following table presents information on a potential project currently being evaluated by Abuela Pastries. Which of the assertions about statement 1 and statement 2 is true? Expected cash flows (number of years from today) 0 1 2 13 4 Cost of capital -$56,000 $28,000 $21,000 $19,000 $4,000 13,20% Statement 1: Abuela Pastries would accept the project based on the project's internal rate of return (IRR) and the IRR rule Statement 2: Abuela Pastries would accept the project based on the project's payback and payback rule if the payback threshold is 2.30 years a. Statement 1 is true and statement 2 is true b. Statement 1 is true and statement 2 is false c. Statement 1 is false and statement 2 is true d. Statement 1 is false and statement 2 is false Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Close Window