Questions Consider anwestment of 2214.00 invested for 15 years at a simple annual rate of 600% How much MORE can you make on this investment the interest rate had coumpounded annually? Keep answers to two decimals, such as 12345 wuestion A bank is considering to offer two different loans which costs the same equivalent interest rate of 10%: 1) One compounds on a quarterly basis. 2) The account compounds on a monthly basis. This 10% interest rate is called as annual percentage rate effective annual rate discount rate What type of loan is this? If you borrow $20,000 today, and you pay back $1,000 interest payment a year for the next three years, and then $20,000 three years later, This is called a[n) loan amortized interest-only pure discount