Identify the following statements

Statement True False Everything else held constant, an account that earns compound interest will grow more quickly than an otherwise identical account that ears simple interest After the end of the second year and all other factors remaining equal, a future value based on compound interest will never exceed the future value based on simple interest All other factors being equal, both the simple interest and the compound interest methods will accrue the same amount of carned interest by the end of the first year Boris is willing to invest $35,000 for eight years, and is an economically rational investor. He has identified three investment alternatives (X, Y, and 2) that vary in their method of calculating interest and in the annual interest rate offered. Since he can only make ont investment during the eight year investment period, complete the following table and indicate whether Boris should invest in each of the westments Note: When calculating each westment's future valut, assume that all interest is camned annually. The final value should be rounded to the nearest whole dollar Investment Expected Future Value Interest Rate and Method 8% compound interest 10% compound interest 10% simple interest Y S Make this investment? No Investment Yes Z