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Story #3 Suppose you found an investment that earns 7.0% each year. Suppose you want to withdraw 11,000 dollars in one year. Suppose you also
Story #3 Suppose you found an investment that earns 7.0% each year. Suppose you want to withdraw 11,000 dollars in one year. Suppose you also want to withdraw 24,000 dollars in four years. How many dollars should you invest today? A Between 25,000 and 27,400 B Between 27,400 and 28,200 C Between 28,200 and 29,100 D Between 29,100 and 32,000 Story #4 Set up a table showing that story 3 works. How much interest would you earn the last (fourth) year? A Between 900 and 1,300 B Between 1,300 and 1,500 C Between 1,500 and 1,700 D Between 1,700 and 1,900
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