1) Ron has saved up $2,500 and wants to use it to purchase a boat in 5 years. He can invest the money by purchasing a 5-year certificate of deposit that earns 6.5% annually. If he chooses to do this, how much money will he have available to spend on a boat once the CD matures?

2) Blake has $3,750 that he can invest for 25 years. His two options are the following (1) A certificate of deposit that earns 12%, annual compounding, or (2) a mutual fund that earns 11.5%, compounding weekly. Assume there are 52 weeks in the year. How much money will be in each account at the end of the 25 years?

3) Andrew has $7,000 he wants to put towards his retirement. He has two options (1) a 30-year certificate of deposit that earns 10.5% annually, or (2) a mutual fund that earns 10% with monthly compounding. How much will be in each account after the 30-year period?