2: Assignment for Section Question 8, 10.1.21 HW Score: 70%, 7 of 10 points Save Part 1 of 3 * Points: 0 of 1 Bill Baxter has $28,000 to invest for a year. He can lend it to his sister who has agreed to pay 12% simple interest for the year. Or, he can invest it with a bank at 10% compounded quarterly for the year. How much additional interest would the simple interest loan to his sister generate? Find the effective interest rate for both investments. Click the icon to view the compound interest table. How much more will the simple interest loan generate compared to the bank loan? $(Round to the nearest cent as needed.) : Assignment for Section Question 9, 10.1.25 HW Score: 70%, 7 of 10 points Part 1 of 3 O Points: 0 of 1 Save William Jones has $24,000 to invest and believes that he will earn 2% compounded semiannually. Find the compound amount if he invests (a) for 3 years and (b) for 12 years. (c) Then find the additional amount earned due to the longer period. i Click the icon to view the compound interest table. (a) The compound amount for 3 years is $]. 'Round to the nearest cent as needed.) #22: Assignment for Section Question 10, 10.1.27 HW Score: 70%, 7 of 10 points Part 1 of 3 Points: 0 of 1 Save Becky Hilton has a choice for her investment of $5,500. She can invest it in funds she believes will earn either (a) 4% compounded quarterly for 2 years or (b) 4% compounded semiannually for 10 years. Find the future value of both. (c) Which is larger? i Click the icon to view the compound interest table. (a) The future value of her investment is $]. (Round to the nearest cent as needed.)