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Suppose you wish to invest $1,000. You are asked to choose between a four-year investment that pays annually 10% compound interest and a similar investment

Suppose you wish to invest $1,000. You are asked to choose between a four-year investment that pays annually 10% compound interest and a similar investment that pays annually 11.5% simple interest. Which investment will you choose?

Select one:

A. The 11.5% simple interest investment

B. The 10% compound interest investment Correct

C. They offer the same result

D. There is not enough information to answer the question

Answer ________

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