Identify whether the following statements about the simple and compound interest methods are true or false True False 0 Everything else held constant, an account that earns compound Interest will grow more quickly than an otherwise identical account that earns simple interest The process of earning simple interest does not allow a depositor or investor to earn interest on any previously earned interest. After the end of the second year and all other factors remaining equal, a future value based on compound interest will exceed a future value based on simple interest. o Paolo is willing to invest $10,000 for five years, and is an economically rational investor. He has identified three investment alternatives (A, B, and ) that vary in their method of calculating interest and in the annual interest rate offered Since he can only make one investment during the five-year investment period, complete the following table and indicate whether Paolo 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 whale dollar Interest rate and Method Expected future value Make this investment? 10% simple interest 6% compound Interest Investment 79 compound Interest