Joe invested $11.492 in an account that pays 6% simple interest for 4 years. How much more will you have if you can earn 0% compound interest at the end of 4 years? (Hint: Compute the compounding effect) 5 pts D Question 25 You just won a national sweepstake! For your prize, you opted to receive $12.500 per year forever. The first payment will be made at the end of this year. What is the present value of your prize at a discount rate of 8%