This is for the bottom question part A and B using the data in the above question. please show all work or formula used. thank you.

Compare investing $2500 at 10% per year compound interest for six years, or investing $2500 at 8% per year simple interest rate for six years? Paragraph IB|||| Font family |Font size Compound Interest: A = P(1 + r )^nt P = 2500 r = 0.10 (10 percent) n 1 (year) t = 6 (years) 2500(1+(0.10/1))16 4428.9025 Value after 6 years =4428.90 (@ 10% compounded interest for 6 years) Simple Interest: : A = P(1+rt) 2500(1 +0.10-6-4000 value after 6 years (@10% simple interest) Path: p a) use equation 3.1 and appendix A to evaluate (FIP 15% 44 b) Use linear interpolation to determine the value of n corresponding to A/G 9.0000 if i=7 per year compounded annually )// Paragraph Font family Font size earch