1. Mark is planning on making an investment in a new computer system. He wants to know how much he must invest to have $9,000 in 4 years if the interest rate is 5% per year?

a. $10,939.59

b. $2,479.41

c. $7,404.30

d. $7,826.83

2. Harlan Fuller needs $2,000 in 7 years. What amount must he invest in a 6% savings bond?

a. $8,200.40

b. $9,533.08

c. $1,425.98

d. $1,330.12 Please show your work.