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2 years ago, Caroline invested $ 2 0 , 0 0 0 . She has earned and will earn compound interest of 1 4 .

2 years ago, Caroline invested $20,000. She has earned and will earn compound interest of 14.7 percent per year. In 1 year from today, Mardy can make an investment and earn simple interest of 8.8 percent per year. If Mardy wants to have as much in 4 years from today as Caroline will have in 4 years from today, then how much should Mardy invest in 1 year from today?

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