Sue invested $5,400 at 7 percent interest for 4 years. Phill Invested $5,400 at 7 percent interest for 8 years. How much more interest will Phil earn than Sue? o $1,512.00 O $219991 O $1174.26 O $184551 You went to invest $s.oo for s years. How mucth adtmonal lte st wil ou r u mvest at s Percent s. How much additional interest will you earn if you invest at 5 percent compound interest rather than 5 percent simple inter O s20048 O $21007 O so O $25000 References Multiple Choice Six years ago, you convinced your son to depost s700 n a savings account at the bank that will pay 5.25 percent interest. Currently, he Is itching to spend that money How much more money wll he have if you can convince him to wait another year to withdraw his savings rather then withdrawing the funds today? O $3868 O $42 85 O $55.43 O s4996 Nan needs to save $29,000 to finance her wedding two years from today. How much does she need to nto her savings account today to fully fund her wedding if she can earn 5.75 percent interest? O $32.430 88 O $29.000.00 O $26.96718 O $25.932 07 Multiple Choice Discounting You would like to have $1.4 million when you retire 40 years from today You can earn 8 percent o investments. How much would you need to invest today to accomplish this goal? n your O $5524975 $64,443.31 O $90.923 53 O $8712157 References an Multiple Choice