ASSIGNMENT FOUR 1. Compare the interest earned by S10,000 for ten years at 5% simple interest with that earned by the same amount for ten years at 5% compounded annually. a) $5,000 & S6,105 b) $6,000 & $7,200 2.You are considering investing $4,500 at 9.5% per year simple interest for five years or investing the $4,500 at an investment rate of 8% compounded annually for five years. Which of the options are better? a) Compound Interest $6,766.45; Simple interest $6,537.50 b) Compound interest $7,382.24; Simple interest $7,124.32