The I.C. James Co. invested $10,000 six years ago at 5% simple interest. The I.M. Smart Co. invested $10,000 six years ago at 5% interest which is compounded annually. Which one of the following statements is true concerning these two investments? wy. Which one of the followingsted O O The I.C. James Co. has an account value of $13,000 today. The I.C. James Co. will have an account value of $13,000 six years from now. Both the I.C. James Co. and the I.M. Smart Co. will earn $500 interest in the second year. The I.M Smart Co. will earn $525 interest in the first year. O None of the above is correct