Suppose you invest $3,500 today in an account that carns a nominal annual rate (i nom) of 16 percent, with interest compounded quarterly. How much money will you have after 8 years? a. $404,318.58 b. 54,789.99 c. $32,480.00 d. $12,278.21 e. $11,474.45 Mary recently received a credit card with a nominal interest rate of 18 percent. With the card, she purchased some new clothes for $450. The minimum payment on the card is only $10 per month. If Mary makes the minimum monthly payment and makes no other charges, how long will it be before she pays off the card? a, 60.4 months b. 120.8 months c. 42.3 months 0.75.5 months e. The card will never be paid ofl