2 Let's assume that you have $50,000 and you want to invest it with APR = 6% for 20 years. 1. How much money would you have if you invested a. with simple interest (5 points) b. with compound interest compounded once per year (5 points) C. with compound interest compounded monthly (5 points) d. with compound interest if you will take from account $100 monthly (10 points) 2. What would be the difference in the interest earned in the case that you invested with monthly compounded interest