MY NOTES ASK YOUR TEACHER 11. DETAILS WANEFM7 2.R.025. How much (in dollars) would you pay for a $30,000, 4 year, 6% bond if you want a return of 7%? (Assume that the bond pays interest every 6 months. Round your answer to the nearest cent.) $ 12. DETAILS WANEFM7 2.2.007. MY NOTES ASK YOUR TEACHER Calculate to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the stated interest rate after the stated amount of time. 2% per year, compounded quarterly (4 times/year), after 4 years PV =$ 13 DETAILS WANEFM7 2.1.060. MY NOTES ASK YOUR TEACHER You hear the following on your local radio station's business news: "The economy last year grew by 8%. This was the second year in a row in which the economy showed a 8% growth." This means that, in dollar terms, the economy grew more last year than the year before. Why? The economy last year was smaller than the year before; 8% of last year's economy is smaller than 8% of the year before. The economy last year was larger than the year before; 8% of last year's economy is larger than 8% of the year before. The economy last year was equal to the year before; 8% of last year's economy is the same as 8% of the year before