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Hans Solo has a choice to make. Option A: Should he invest 14000 at 9.3% for 8 years earning simple interest, or Option B: Should

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Hans Solo has a choice to make. Option A: Should he invest 14000 at 9.3% for 8 years earning simple interest, or Option B: Should he invest the same amount of money at 9.05% compounded quarterly for the same amount of time? Simple Interest: Principal (0.5 points) Rate - as a decimal (0.5 points) Time (0.5 points) What will the future vale of the investment be with Option A? Round to two decimal places. (1.5 points) Compound Interest: P/Y(0.5 points) C/Y (0.5 points) N(0.5 points) 1/Y (0.5 points) PV (0.5 points) What will be the future value of the investment for Option B? Round to two decimal places (1.5 points) Which option should Hans Solo choose? (1 point)

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