Rosa invests $2900 in an account with an APR of 2% and annual compounding. Julian invests $2400 in an account with an APR of 3% and annual compounding. Complete parts a through c. a. Compute the balance in each account after 5 and 20 years. After 5 years Rosa will have a balance of approximately $ After 20 years Rosa will have a balance of approximately (Round to the nearest cent as needed.) After 20 years Julian will have a balance of approximately $ After 5 years Julian will have a balance of approximately $ (Round to the nearest cent as needed.) b. Determine, for each account and for 5 and 20 years, the percentage of balance that is interest. After 5 years approximately $% of Rosa's balance is interest. After 20 years approximately % of Rosa's balance is interest. (Round to the nearest percent as needed.) After 5 years approximately % of Julian's balance is interest. After 20 years approximately of Julian's balance is interest. (Round to the nearest percent as needed.) C. Comment on the effect of interest rates and patience. Choose the correct answer below. O A. A lower initial principal with a higher APR will always have a lower balance than a higher initial principal with a lower APR. OB. A lower initial principal with a higher APR over a long enough time period can result in a higher balance than a higher initial principal with a lower APR. O C. The percent of the balance that is interest is the same after 5 years and after 20 years