1. A few years ago, you decided to take a gamble and invested $14,000 in a new cryptocurrency that your friend told you about. You are happy you made the decision because your investment has increased by 75% in value! If the investment earned 14% per year, how many years, did it take your friend to reach this amount? (5 marks)

2. When you were born, your dear old Aunt Minnie promised to deposit $500 into a savings account earning interest of 5% compounded annually on each of your birthdays, beginning with your first. You have just turned 18 and want the money to pay your college tuition. However, it turns out that dear old (forgetful) Aunt Minnie made no deposits on your fifth and eleventh birthdays. How much is in the account right now? (10 marks) 3. Count Crow wishes to have a large celebration eight years from today costing $150,000. Currently, he has an investment of $625,000 in a financial institution earning 7.5 percent interest annually. Count Crow also wishes to receive an annual payment from his investment over this period at the beginning of each year starting today. Calculate the maximum amount of annual payment the Count can expect.