1. Michelle deposits $350 today into a bank account. If the account earns 6% annually, how much will he have at the end of 10 years?

A) $195

B) $627

C) $5240

D) $4613

2. Dorothy plans to retire in 45 years. If she saves $7400 per year and earns 8.0% interest, compounded annually, approximately how much money will she have in her account when she retires?

A) $2.9 million

B) $1.9 million

C) $5000000

D) $2100000

3. Assess Jamess personal finances using the following balance sheet information.

Assets				Debts
Bank accounts		$2,000		Current bills		$1,500
Car		5,000		Student loan		11,000
Personal assets		2,000		Car loan		3,700

(a)

What is Jamess net worth? (Enter negative amount using either a negative sign preceding the number e.g. -45.)