1. Oreo Limited receives a 7-year $88,000 zero-interest bearing note the present value of this note is $71,552. Assuming the note was issued on January 1st, 2023, and the effective interest method is used the interest income to be recognized or calendar 2023 is-a) 7,0827 b) $2,640 C) $2,146 d) $5,724. Get tutor helpIf $700 is invested at 9% compounded(A) annually,(B) quarterly,(C) monthly,what is the amount after 6 years? How much interest is earned?$1,194.04 (Round to the nearest cent.)How much interest is earned?$494.04 (Round to the nearest cent.)(C) If it is compounded monthly, what is the amount?$1,198.79 (Round to the nearest cent.)How much interest is earned?$□ (Round to the nearest cent.) Get tutor help