A dollar to be received in the future is worth more than a dollar received today because it would have less risk associated with it. Question 6 1 pts Simone Biles wants to borrow $10,000 for a period of four years. She has two choices. The bank is offering to lend her the amount at 5.86 percent compounded monthly. She can also borrow from her firm and will have to repay a total of $12,500 at the end of four years. Should Simone go with her bank or the firm, and what is the interest rate if she borrows from her firm? (Round to the nearest two decimal places) She should borrow from her firm as it is charging a lower effective interest of 5.95%. She should borrow from her firm as it is charging a lower effective interest of 5.74%. She should borrow from the bank as the firm is charging a higher effective interest of 6.02%. She should borrow from the bank as the firm is charging a higher effective interest of 6.37% Question 7 1 pts MacBook Pro