1. A saver places $100 in a certificate of deposit that matures after 20 years and that each year pays 4 percent interest, which is compounded annually until the certificate matures. How much total interest will the saver earn over the 20 years if the interest is reinvested each period?

		Less than $50
		Between $50 and $75
		Between $75 and $100
		Between $100 and $125
		More than $125

2.

A saver currently has $0 in a retirement account. The saver wants the account value to be $100,000 after 10 years and believes that it is possible to earn an annual rate of ten percent on invested funds. What amount must be invested each year to accumulate $100,000 if the contributions are made at the end of each year?

		Less than $5,000
		Between $5,000 and $6,000
		Between $6,000 and $7,000
		More than $7,000