You are considering investing $2,900 at an interest rate of 62% compounded annually for four years or investing the $2,900 at 6.4% per year simple interest for four years. Which option is better? The future value of Option 1 (6.2% compounded annually) is $(Round to the nearest dolar) The future value of Option 2 simple interest of 6.4% per year) is $(Round to the nearest dollar) Select the correct choice from the drop-down menu below. Option 1 is better Enter your answer in each of the boxes E A 09 F