16. (6 points) Colin has $14,000 that he wishes to invest over a period of 16 years. (a) Colin has an opportunity to make an investment that will pay him simple interest at a APR of 5.5%. Calculate the interest Colin earns to the nearest cent. (b) Colin has an opportunity to make an investment that will pay an APR of 4.3%, with interest compounded quarterly. Calculate the interest Colin earns to the nearest cent. (c) What is the interest Colin would earn at an APR of 4.3% if the interest were compounded continuously