Deming asked his older brother, Boqin for a loan of $25,000 over 5 years so he could buy a car. Deming thought he could get a loan at a good "brotherly" rate but was surprised when his older brother refused to give him a simple interest rate loan at 7%. Instead, Boquin offered a loan at 7% compounded monthly with a lump sum payment in 5 years. What is the difference between compounding interest over simple interest in the two