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AmoSave . Mr Q [a] 3 Project 4- Ponzi Schemes Spring 2020 Home Insert Draw Design Layout References Mailings Review View 9 Tell me share Geomments x .' A V [an VIE T'mesNeW-n 4'22 V A A A8\" AaBchD AaBchD AthCcl: AaBbCeI AaEchDdEs AaBb AaBchE , g Q; page @ I g v ab x, x1 A v p v A v Emphasis Heading1 Normal Strong Subtitle Title Naspuing sgfes Dictate Date: {A Ponzi Scheme A shady broker offers a dubious investment opportunity. In week 0, he sells a $10,000 note promising to repay $10,500 in one week. In week 1, he sells two such notes and uses to proceeds to pay off the week 0 investor. In week 2, he sells 4 notes and pays off week one investors. Each week, he sells twice many notes as the week before and uses the proceeds to pay off last week's investors. An investment scam of this sort is known as a Ponzi scheme. Be sure to ll in table and answer questions below the table. Complete the table (this will help answer questions) + Week Sell Paid Notes Money Notes Money 0 1 1*10,000= 0 0 10,000 1 2 2*10,000= 1 1*10,500= 20,000 10,500 2 4 2 3 4 5 6 7 8 9 10 __V + 145% Page1of1 243 words [B English (United States) E] Focus n 1559:: Note: \"By week 10\" means all weeks, starting from 0 to 10 inclusive. a) How many notes did the broker sell in week 10? b) What was the total number of notes sold by week 10? c) How much money was collected by week 10? d) How much money was paid out by week 10? e) In week 10, the broker (after making his last payout) took his prots and left the country. How much money was the loss of the investors? 1') Write a paragraph describing the scenario. Who made money, who lost money, how did the money grow