3. Assume you make the following investments: a. You invest a lump sum of $8,250 for five years at 12% interest. What is the investment's value at the end of five years? b. In a different account earning 12% interest, you invest $1,650 at the end of each year for five years. What is the investment's value at the end of five years? c. What general rule of thumb explains the difference in the investments' future values? a. You invest a lump sum of $8,250 for five years at 12% interest. What is the investment's value at the end of five years? (Round your answer to the nearest whole dollar.) Investment's value b. In a different account earning 12% interest, you invest $1,650 at the end of each year for five years. What is the investment's value at the end of five years? (Round your answer to the nearest whole dollar.) Investment's value = c. What general rule of thumb explains the difference in the investments' future values ? The future value of the annuity is (1). than the future value of the lump sum investment. The (2). earned interest over the full five years. However, the (3). earned interest only as the installments were received over the course of five years. The (4) the cash is invested, the (5) interest is earned. The investor lets time do the work. (1) (2) (3) (4) O later higher lower annuity lump-sum investment annuity lump-sum investment sooner (5) less more