Stacked Click on the graph below to make it interactive and answer the following questions. $2k...

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Stacked Click on the graph below to make it interactive and answer the following questions. $2k $4k $6k $8k $10k $12k $14k $16k $18k $20k Initial deposit O O O 1% 2% 3% 4% 5% 6% 6% 7% 8% 8% 9% 10% Annual interest rate O Years to compound O 4 5 6 7 8 9 10 $12167 $10000 $10400 $10816 $11249 Initial deposit 1 year later 2 years later 3 years later powered by 5 years nos later 8 > Macmillan Learning $12167 $10000 $10400 $10816 $11249 Initial deposit 1 year later 2 years later 3 years later powered by 5 yearsnos later Alter the bar interactive graph in order to witness how changing variables in the compounding formula can change the future value of an investment. Use the insights to answer the question. a. If starting at t> 1, increasing t by one year multiplies the present value by b. Set the initial deposit to $12k, the annual interest rate to 6%, and years to compound to 10. Increasing the present value from $12k to $14k will increase the future value in 10 years by (round to the nearest whole number): $ Stacked Click on the graph below to make it interactive and answer the following questions. $2k $4k $6k $8k $10k $12k $14k $16k $18k $20k Initial deposit O O O 1% 2% 3% 4% 5% 6% 6% 7% 8% 8% 9% 10% Annual interest rate O Years to compound O 4 5 6 7 8 9 10 $12167 $10000 $10400 $10816 $11249 Initial deposit 1 year later 2 years later 3 years later powered by 5 years nos later 8 > Macmillan Learning $12167 $10000 $10400 $10816 $11249 Initial deposit 1 year later 2 years later 3 years later powered by 5 yearsnos later Alter the bar interactive graph in order to witness how changing variables in the compounding formula can change the future value of an investment. Use the insights to answer the question. a. If starting at t> 1, increasing t by one year multiplies the present value by b. Set the initial deposit to $12k, the annual interest rate to 6%, and years to compound to 10. Increasing the present value from $12k to $14k will increase the future value in 10 years by (round to the nearest whole number): $