1. 2 year(s) ago, Priya invested 22,087 dollars. She has earned and will earn compound interest of 7.99 percent per year. In 3 year(s) from today, Vince can make an investment and earn simple interest of 14.68 percent per year. If Vince wants to have as much in 6 years from today as Priya will have in 6 years from today, then how much should Vince invest in 3 year(s) from today?

2. For each of the 4 investments described in the table, the investor would pay 2,500 dollars today to purchase the investment. Each investment would have the annual return noted in the table and each investment would make a single, lump sum payment to the investor in the number of years from today noted in the table. If RD > RC and TL > TP, then which assertion is true? All annual returns and numbers of years from today when the single, lump sum payment will be made are greater than zero.

Investment	Annual return	Number of years from today when the single, lump sum payment will be made
C	RC	T
D	RD	T
L	R	TL
P	R	TP

Investment D will make a larger single, lump sum payment in T years than investment C will make in T years, and investment P will make a larger single, lump sum payment in TP years than investment L will make in TL years

		Investment C will make a larger single, lump sum payment in T years than investment D will make in T years, and investment L will make a larger single, lump sum payment in TL years than investment P will make in TP years
		Investment C will make a larger single, lump sum payment in T years than investment D will make in T years, and investment P will make a larger single, lump sum payment in TP years than investment L will make in TL years