Question: Question 8 5 pts You are considering making a one-time deposit of $6,675 today, in a bank that offers an interest rate of 5% APR.

 Question 8 5 pts You are considering making a one-time deposit

Question 8 5 pts You are considering making a one-time deposit of $6,675 today, in a bank that offers an interest rate of 5% APR. If you leave your money invested for 4 years, how much money will you have at the end of this period? Consider monthly compounding. Enter your answer in terms of dollars, rounded to the nearest cent, but without the dollar sign. Question 9 5 pts After a 1 year investment you receive 5.6% interest (nominal) from your bank. However, looking at how prices have changed, you soon realize that the real rate of interest was actually 2.2%. How much was inflation during that year? Enter your answer as a percentage, rounded to 2 decimals, and without the percentage sign ('%'). For example, if your answer is 0.02345, then enter 2.35

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