George is considering two different investment options. The first option offers 7.4% per year simple interest on the initial deposit. The second option offers a 6.5% interest rate but is compounded quarterly. He may not withdraw any of the money for three years after the initial deposit. Once the minimum 3 years is reached, he can choose to withdraw his money or continue to collect interest. Suppose that George opens one of each type of account and deposits $10,000 into each.

Part A: Determine the value of the simple-interest investment at the end of three years. Use the formula A=P+PRT, where A represents the value of the investment, P represents the original amount, R represents the rate and T represents the time in years. /Show Your Work/

Part B: Determine the value of the compound-interest investment at the end of three years. Use the formula A=P(1+R/N)^NT, where A represents the value of the investment, P represents the original amount, R represents the rate of compound N time per year, and T represents the time in years. /Show Your Work/

Part C: Which investment is better over the first three years? /Explain Your Answer By Using Parts A & B As Your Support/

Part D: How would you advise George to invest his money if he is unsure how long he will keep the money in the account? /Justify Your Reasoning With A Graph or Table/