1. The problem statement, all variables and given/known data Assume that you can earn 6% on an investment, compounded daily. Which of the following options would yield the greatest balance after 8 years? -$20,000 now -$30,000 after 8 years -$8000 now and $20,000 after 4 years -$9000 now, $9000 after 4 years, and $9000 after 8 years 2. Relevant equations A=P(1+r/n)^n 3. The attempt at a solution I understand how to use the equation, where P is the investment, r is the interest rate, and n is the number of times interest is compounded, but I don't understand the last three choices. What does it mean by "$9000 now, $9000 after 4 years, and $9000 after 8 years"?