You have discovered an investment opportunity that earns an) 3% rate of interest compounded quarterly. Which of the following amounts is approximately equal to the amount you should deposit today to have $8,000 in five years? Use the formula method. (Do not round any intermediary calculations, and round your final answer to the nearest dollar.) Which of the following statements is true? O A. The higher the discount rate, the higher the present value. OB. If interest is 4% compounded annually, $10,400 due one year from today is equivalent to $10,000 today. O C. The process of accumulating interest on interest is referred to as discounting. OD. If interest is 11% compounded annually, $1,100 due one year from today is equivalent to $1,000 today