You invested $63,517 in an account that earns 6.4% compounded annually. After 11 years what will be total amount of interest your account earned on previously accrued interest? Your answer should be accurate to two decimal places. Answer: (17,441.74) You have a loan that charges you 27.8% compounded annually. You are making weekly payments. What is effective weekly rate of interest? Your answer should be shown as a percentage and it should be accurate to four decimal places. Answer: (0.4728) You just borrowed $97,500 from a bank. You will be making monthly payments on your loan. The payments will be made at the end of the month. The bank is charging you 24.9% compounded weekly. At the end of first month how much do you owe the bank in interest? Your answer should be accurate to two decimal places. Answer: (2,039.33)