Amount invested today Annual rate of return Years until maturity 238,000 8.1% 21 You are thinking about retirement, and would like to compute how much you will have some time in the future. Using the data from above, please compute future amounts, and then answer these questions: #1 How much MORE will you have if compounding is monthly rather than annually? A Between 10,000 and 100,000 B Between 100,000 and 125,000 C Between 125,000 and 150,000 D Between 150,000 and 400,000 #2 How much MORE will you have if compounding is daily rather than monthly? A Between 4,000 and 10,000 B Between 10,000 and 12,000 C Between 12.000 and 14,000 D Between 14,000 and 20,000 #3 How much MORE will you have if compounding is continuous rather than daily? A Between 50 and 300 5 B Between 300 and 400 7 C Between 400 and 500 3 D Between 500 and 700 + Amount invested today Annual rate of return Years until maturity 238,000 8.1% 21 You are thinking about retirement, and would like to compute how much you will have some time in the future. Using the data from above, please compute future amounts, and then answer these questions: #1 How much MORE will you have if compounding is monthly rather than annually? A Between 10,000 and 100,000 B Between 100,000 and 125,000 C Between 125,000 and 150,000 D Between 150,000 and 400,000 #2 How much MORE will you have if compounding is daily rather than monthly? A Between 4,000 and 10,000 B Between 10,000 and 12,000 C Between 12.000 and 14,000 D Between 14,000 and 20,000 #3 How much MORE will you have if compounding is continuous rather than daily? A Between 50 and 300 5 B Between 300 and 400 7 C Between 400 and 500 3 D Between 500 and 700 +