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2. You have $2,000 in a money market account. It you make no deposits to or withdrawals from this account, in 8 years you will

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2. You have $2,000 in a money market account. It you make no deposits to or withdrawals from this account, in 8 years you will have 1. $4,000 in this account if the account's interest rate is 2. $8,000 in this account it the account's interest rate is 3. $12,000 in this account it the account's interest rate is 3. You can invest in an index fund that earns 8% per year. How much do you need to invest today in order to have the account balance be 1. $2,000 in one year? 2. $4,000 in two year? 3. $4,000 in three years

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