1. Chris refuses to retire until her retirement account has a balance of at least $300,000. Chris also refuses to make any additional deposits into the account. The account currently has a balance of $100,000 and earns 4% per year, compounded quarterly. How long does Chris have before she will retire?

2. You bought stock 5 years ago for $75.00 per share, and it is now selling for $100.00 per share. What is the compound annual growth rate for the stock?

3.. If you were to invest $1,000 today at 7%, how much would you have in 5 years if that interest were compounded annually, semi-annually, quarterly, monthly, daily?