1. How many years will it take for a $300.00 investment earning at 5% compounded continuously to be worth more than $500.00 investment earning an annual investment rae of 4% compounded quarterly.

2. A 1 year CD had annual rae of 2.95% interest compounding daily. A $1000.00 minimum deposit was required. What will be the value of a $1000 investment when it matures?

3. Find the annual percentage yield (APY) for:

a) A five years CD paying an annual rate of 4.74% compounded daily and

b) A five years CD paying an annual rate of 4.80% simple interest.