XYZ Bank pays simple interest of 2% with quarterly compounding for deposits in their savings account. Assume that a deposit of $1.000 is made on the first day of the quarter and another $2.000 is made on the 30th day. A $900 withdrawal is made on the 60th day. What is the interest earned in the savings account for the quarter using the LIFO method? Assume 360 days in a year. $8.67 $3.67 $13.67 $10.67 QUESTION 2 An investment opportunity offers you quarterly cashflows of $5,000 for the next 5 years. The 3 -month interest rate is quoted at 6%. What is the maximum price you would pay for this investment? $21.061.82 $85.843.19 $57.349.61$25.000