.. Question Completion Status: How much would you have had to invest now in an account paying 897 year to to have $20,000 in 21 years? $952 $1,600 $1,728 $3,973 1 QUESTION 2 How long must one wait to the nearest year) for an initial investment of $1,000 to triple in value if the investment earns 8% compounded annually? Hint: FV = 3 x 1000-4000 9.27 14.27 22.11 25.61 QUESTION 3 How much must be deposited today in an account earning 6% annually to accumulate a 20% down payment to use in purchasing a car one year from now, assuming that the car's current price is $20,000 and the price will rise by 4% next year due to inflation? Hint: The car's price will be 4% higher next year due to inflation, so car's price in one year will be = 20000 x 1.04. $3,774 $3,782 $3,925 64 ORO Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All An