Mira Has Saved $25,000 Over the Years and She Has

Multiple Choice

Mira has saved $25,000 over the years and she has the option of investing it in either of the two investment plans. Investment A offers 12 percent interest compounded monthly, whereas Investment B pays 13 percent interest compounded semiannually. What would be the difference between the future values of the two investments if Mira's investment horizon is seven years?

A) $4,204.52
B) $3,577.87
C) $1,152.34
D) $2,703.78
E) $3,250.22