1. Today you deposit X dollars to your savings account and make no additional deposits. How long will it take to double your savings if you earn 3.6 percent interest, compounded annually? A. 17.78 years B. 18.04 years C. 18.67 years D. 19.42 years E. 19.60 years

2. Today, you are retiring. You have a total of $413,926 in your retirement savings and have the funds invested such that you expect to earn an average of 3%, compounded monthly, on this money throughout your retirement years. You want to withdraw $2,500 at the beginning of every month, starting today. How long will it be until you run out of money? A. 211.00 months B. 213.29 months C. 213.99 months D. 214.84 months E. 214.94 months