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Groucho and Harpo are each investing $62,600 today. Harpo will earn 5.6 percent simple interest and Groucho will earn 5.6 percent interest compounded annually. Groucho

Groucho and Harpo are each investing $62,600 today. Harpo will earn 5.6 percent simple interest and Groucho will earn 5.6 percent interest compounded annually. Groucho will have ______ more than Harpo after six years.

  1. $2,076

  2. $2,582

  3. $2,962

  4. $3,174

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