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Select the correct answer from each drop-down menu.Elwood invested $5,000 in a money market account...

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Select the correct answer from each drop-down menu.Elwood invested $5,000 in a money market account and has been tracking its progress. He found that after 3 years, the account held $7,100 andafter 8 years, the account held $10.350.Use this information to complete the statements.Over the first 3 years, the value of the account increased atthe value of the account increased at an average rate of approximately $over the last 5 years. Over the entire 8 years.? annually.

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