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12. You invest $20,000 in an account that pays 5% interest compounded mully. Your roonimate has not taken FINC 303 and invests $20.000 in an

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12. You invest $20,000 in an account that pays 5% interest compounded mully. Your roonimate has not taken FINC 303 and invests $20.000 in an account that pays $% simple interest. After ten years how much more do you have m your account than your roommate has in his account? 55.000 b. $1.000 - $12,575 d. $2.578

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