Eric has $5,400 that he wants to invest for 4 years. He can invest this amount at his credit union and earn 4 percent simple interest. Or, he can open an account at Compass Bank and earn 3.65 percent interest, compounded annually. Which of the two should he choose? Compass Bank because it earns compound interest of $832.62. Compass Bank because it earns compound interest of $740.11. Credit union because it earns simple interest of $768. Credit union because it earns simple interest of $864