Alpha Company invests $13,000 at an interest rate of 17% for six years. What is the difference between simple and compound interests? Assume that in case the interest rate compounds annually.

$6,038.92

$6,567.24

$5,824.92

$7,087.13

Lets assume there is a firm that wants to invest $62,000 in a project with an interest rate of 15% annually, and that the project will last for ten years. What will be the interests coming from the project if the firm chooses not to reinvest any of its earnings? Assume the interest rate compounds annually.

$93,000.00

$24,977.04

$64,379.73

$144,000.00