Identify whether the following statements about the simple and compound Interest methods are true or false. The process of earning simple interest does not allow a depositor or investor to earn interest on any previously earned interest. O O 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. Everything else held constant, an account that earns compound interest will grow more quickly than an otherwise identical account that ears simple interest. o o Deborah is willing to invest $20,000.00 for nine years, and is an economically rational Investor. She has identified three investment alternatives (L, M, and P) that vary in their method of calculating interest and in the annual interest rate offered. Since she can only make one investment during the nine-year investment period, complete the following table and indicate whether Deborah should invest in each of the investments. Note: When calculating each investment's future value, assume that all interest is compounded annually. The final value should be rounded to the nearest whole dollar. Expected future value Make this investment? Investment Interest rate and Method L 7% compound interest M 6 % simple interest P 1 1% compound interest kkk