1) Today you deposited $3,000 in an account with a stated annual rate of 14% and semi-annual

compounding. If you don't withdraw any funds from the account, what will the balance be six

years from today?

2) You will need $14,000 four years from today. You have a mutual fund that earns 9%

compounded annually. How much money should you deposit in your mutual fund today, in

order to insure that you will have the needed funds