problem1: What is the difference in the future value of $10,000 in 5 years if it is invested at 7 percent simple interest or invested at 7 percent compounded semiannually?
[A] $6,171.51
[B] $605.88
[C] $525.52
[D] No Difference
problem2: The future value of a $20,000 investment at the end of 7 years, suppose 9% simple interest, is:
[A] $10,940
[B] $184,008
[C] $36,560
[D] $32,600