Question 12 Assume ABC Corp. finances a new manufacturing machine with a $230,000 loan, which it plans to pay for with 10 -year annuity payments that will begin next year. Assuming the interest rate is 8.2% and it will compound annually, which of the following is true? ABC Corp. would have paid less each year with a lower interest rate. ABC Corp. Will need to pay $34,586.63 each year, paying back in full 10 years from now Both are correct Neither are correct Question 13 2.5pts Alpha Company invests $15,000 at an interest rate of 14% for five years. What is the difference between simple and compound interests? Assume that in case the interest rate compounds annually. $2,985.52 $3,381.22 $2.593.27 $3,952.56