Homework: Chapter 14 Section 1 Save Score: 0 of 1 pt 3 of 3 (2 complete) HW Score: 33.33%, 1 of 3 pts 14.1.39 8 Question Help Mary Mason has $25,000 to invest for a year. She can lend it to her brother who has agreed to pay 12% simple interest for the year. Or, she can invest it with a bank at 10% compounded quarterly for the year. How much additional interest would the simple interest loan to her brother generate? Use the compound interest table 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.) Enter your answer in the answer box and then click Check Answer. i Compound Interest Table x Period 1% 2% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 1.01000 1.02010 1.03030 1.04060 1.05101 1.06152 1.07214 1.08286 1.09369 1.10462 1.11567 1.12683 1.13809 1.14947 1.16097 11% 1.01500 1.03023 1.04568 1.06136 1.07728 1.09344 1.10984 1.12649 1.14339 1.16054 1.17795 1.19562 1.21355 1.23176 1.25023 1.02000 1.04040 1.06121 1.08243 1.10408 1.12616 1.14869 1.17166 1.19509 1.21899 1.24337 1.26824 1.29361 1.31948 1.34587 Compound Interest Table Interest Rate per Compounding Period 24% 3% 4% 5% 1.02500 1.03000 1.04000 1.05000 1.0 1.05063 1.06090 1.08160 1.10250 1.1 1.07689 1.09273 1.12486 1.15763 1.1 1.10381 1.12551 1.16986 1.21551 1.2 1.13141 1.15927 1.21665 1.27628 1.15969 1.19405 1.26532 1.34010 1.4 1.18869 1.22987 1.31593 1.40710 1.5 1.21840 1.26677 1.36857 1.47746 1.. 1.24886 1.30477 1.42331 1.55133 1.6 1.28008 1.34392 1.48024 1.62889 1.7 1.31209 1.38423 1.53945 1.71034 1.8 1.34489 1.42576 1.60103 1.79586 2.c 1.37851 1.46853 1.66507 1.88565 2.1 1.41297 1.51259 1.73168 1.97993 2.2 1.44830 1.55797 1.80094 2.07893 2.0 Print Done