S 6 7 Amount invested today Annual rate of return Years until maturity 238,000 B.19 21 8 9 13 14 10 You are thinking about retirement, and would like 11 to compute how much you will have some time in 12 the future. Using the data from above, please compute future amounts, and then answer these questions: 15 #1 How much MORE will you have if compounding is 16 monthly rather than annually? 17 A Between 10,000 and 100,000 18 B Between 100,000 and 125,000 19 C Between 125,000 and 150,000 20 D Between 150,000 and 400,000 #2 How much MORE will you have if compounding is 22 daily rather than monthly? 23 A Between 4,000 and 10,000 B Between 10,000 and 12,000 25 C Between 12.000 and 14,000 26 D Between 14,000 and 20.000 27 #3 How much MORE will you have if compounding is 28 continuous rather than daily? 29 A Between 50 and 300 B Between 300 and 400 C Between 400 and 500 D Between 500 and 700 33 21 24 30 31 32