Luelle Butaud will withdraw from their bank 58,320.00 every quarter for 23 years. How much is this cash flow worth to them today if the payments begin today? Assume a discount rate of 8 00% O a $2,199 350.57 b. $516,764 86 O c $355,695.74 d $88,012.95 QUESTION 4 What is the major difference between compound and simple interest? a Simple interest is calculated on the principal amount of a loan while compound interest is computed on the principal amount and on the accumulated interest of previous periods b. Simple interest is more complex in calculations, henco, people do not preferit c Simple interest accrues on the accumulated interest of previous periods d Simple interest is referred as the interest on interest white compound interest is calculated on the principal of a loan oo