1) When I was considering what to do with the $10,000 proceeds from my sale of technology stock, my broker suggested that I invest half of it in municipal bonds, whose value was growing by 10% per year, and the other half in CDs, which were yielding 5% per year, compounded every 2 months. Assuming that these interest rates are sustained, how much will my investment be worth in 12 years? (Round your answer to the nearest dollar.)

2) Stocks in a certain industry depreciated by 5.8% in the first 7 months of 1993. Assuming that this trend were to continue, how much would a $90,000 investment be worth in 7 years? HINT [Seven years corresponds to 12 seven-month periods.] (Round your answer to the nearest cent.)