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Question 4 1 pts Simple Interest vs Compound Interest. See Text and/or See Practice Problems with Calculator Tutorial. Suppose you are a Private Banker with

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Question 4 1 pts Simple Interest vs Compound Interest. See Text and/or See Practice Problems with Calculator Tutorial. Suppose you are a Private Banker with a client comparing two investment opportunities for an inheritance of $5,000 to be deposited and not withdrawn for at least 5 years. Choice A offers 5% simple interest and Choice B offers 5% interest compounded annually. You advice that after 5 years, A pays total interest of ____ and B pays total interest of None of the answer choices are correct 1,159.00; $1,250.00 $1,000: $389.77 1,381.41: 1.250.00 1.250.00: $1,381.41

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