Question: please answer correctly 1. Checked Compounding Amount invested today 253,000 7 Annual rate of return Years until maturity 9 10 You are thinking about retirement,

please answer correctly please answer correctly 1. Checked Compounding Amount invested today 253,000 7 Annual

1. Checked Compounding Amount invested today 253,000 7 Annual rate of return Years until maturity 9 10 You are thinking about retirement, and would like 11 to compute how much you will have some time in 12 the future. 13 14 Using the data from above, please compute future 15 amounts, and then answer these questions: \# 1 How much MORE will you have if compounding is 18 monthly rather than annually? 19 A Between 10,000 and 100,000 20 B Between 100,000 and 125,000 21 C Between 125,000 and 150,000 22 D Between 150,000 and 400,000 \#2 How much MORE will you have if compounding is daily rather than monthly? A Between 4,000 and 10,000 28 B Between 10,000 and 12,000 29 C Between 12,000 and 14,000 30 D Between 14,000 and 20,000

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