6. What is the difference between simple interest and compound interest? (4 pts) simple accumulates ohly on principle balance, compound accumulates on principle and interest 7. You have $12.000 to invest for 5 years. Decide which investment is best. Explain why and show all your work. (8pts) A savings account offering 2.76% interest compounded continuously. A savings account offering 2.85% compounded monthly. A savings account offering 3.5% simple interest. 8. Calculate the profit if you purchase 2174 shares of a stock currently worth $5.45 per share with a commission of 1.25 for both buying and selling and sell them for $7.35 per share at the end of the five years. (6 pts)