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1. If you make a one-time investment of $30,000 into an account that earns 7 percent annual return, how much will you have in the

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1. If you make a one-time investment of $30,000 into an account that earns 7 percent annual return, how much will you have in the account in 35 years? Assume annual compounding. 2. Your grandfather just placed a one-time deposit of $500,000 in a trust fund for you. If the fund will be worth $2,000,000 in 20 years, what is the annual rate of return on the trust fund? Assume annual compounding

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