12. If an investment of $4,000 will grow to $6,250 in four years with monthly compounding, the annual interest rate will be closest to: * O A. 11.2% O B. 12.3% O C. 13.0% O D. 14.0%. O E. None of the above. 13. Frank Jones is considering three separate investments. Investment 1 pays a stated annual interest rate of 6.1%, compounded annually. Investment 2 pays a stated annual interest rate of 6.0%, compounded monthly. Investment 3 pays a stated annual interest rate of 5.9%, compounded quarterly. Which investment should smith choose? * O A. Investment 1. B. Investment 2. O C. Investment 3. O D. Indifferent between the three investments. O E. None of the above