Question 12 (6 points) Ginger Bread, Inc. invested $3.5 million earning 7% interest compounded annually for 8 years. How much interest did the company earn over this period of time? AJ Question 13 (6 points) Wings Golf Club is saving for a new club house and has $25,000 that it wants to invest for 10 years. Wings can invest this amount at the local credit union and earn 4.1% simple interest. Or, it can invest in a money market through a financial advisor and earn 5.3% interest, compounded annually. Which institution should Wings invest its money to maximize the earnings potential? How much more interest will Wings earn by investing in this institution? A/