1. Now assume that your ancestor decided to invest the $1,500 in the bond market instead of the stock market. The bond market has had a real return of 3.2% per year over this same 220-year period. How much money would the account now contain?

Multiple Choice

$2,585,173

$934,547

$564,782

$1,533,291

2. Lets now assume that your ancestor invested the $1,500 dollars in a bank account earning 6.8% simple interest per year for the 220-year period. How much money would be in the bank account?

Multiple Choice

• $25,410

• $23,940

• $14,650

• $15,680