How would the situation change if the interest on Emma's credit card were compounded annually rather than monthly, and she didn't make any payments toward the balance? Select the correct answer from each drop-down menu. After 4 years, Emma would be owe approximately $

525

435

545

480

for her original purchase of $300. It would take around

2.5

2.7

2.9

3.1

years for her balance to increase from $300 to $450.