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PC John is interested in investing $30,000 in a bond. He is looking at two different options, Amazon's bond offers a stated rate of interest

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PC John is interested in investing $30,000 in a bond. He is looking at two different options, Amazon's bond offers a stated rate of interest of 7.6% compounded quarterly while Microsoft's bond offers a stated rate of interest of 7.2% compounded monthly. John knows he must take compounding into consideration for the true interest rate. What would be the difference in interest earned between the two bonds where both have a 5- year term? A $754.63 B $623.50 $758.78 $802.87 $905.00

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