Question 1: A) Kim just got a job. She is so happy that she decided to reward herself by purchasing a rare 1980 blue YUGO. TA-R-US used cars has given her the option of paying $14,000 now or making 8 annual payments of $2,000 starting in exactly 1 year. The interest rate is 9%. Which plan should Kim choose?

B) Emmas goal in life is to own a ballet studio. Kenzie currently owns a studio, but she has plans to sell it. Emma agreed to pay Kenzie $3,000,000 5 years from today to acquire the studio. How much will Emma need to invest at 6% today to have enough money in 5 years?

C) When Charlie was paying for his gas at the gas station, he saw the shiny Kansas Lottery tickets and decided to play. To his surprise, he won $10,000! If Charlie invests his winnings in an account that earns him 6% interest each year, how much money will he have in 20 years?