You are choosing between investments offered by two different banks. One promises a retum of 10% for three years in simple interest, while the other offers a return of 10% for three years in compound interest. You should: Selected answer will be automatically saved. For heyboard navigation, press up/down arrow keys to select an answer, a Choose the simple interest option because both have the same interest rate. b Choose the compound interest option because it provides a higher return than the simple interest option. c Choose the compound interest option only if the compounding is for monthly periods. d Choose the simple interest option only if compounding occurs more than once per year. e Choose the compound interest option only if you are investing less than $5,000. (i= Question 7 Grandpa puts $35,000 into a bank account for you earning 5.5% compounded quarterly. How much will you have in the account after 5 years if you don't make Grandpa mad enough to take the money back before then? Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a $44,221.13