3 4 Checked Compounding 7 255,000 9.2% 21 00 8 6 Amount invested today Annual rate of return Years until maturity 9 10 You are thinking about retirement, and would like 11 to compute how much you will have some time in 12 the future. 13 14 Using the data from above, please compute future 15 amounts, and then answer these questions: 16 17 Please answer the following question: 18 #2 How much MORE will you have if compounding is 19 daily rather than monthly? 20 A Between 4,000 and 10,000 21 B Between 10,000 and 12,000 22 C Between 12,000 and 14,000 23 D Between 14,000 and 20,000 24