#1. You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 2% interest compounded quarterly. By how much will your deposit have grown after 3 years (in dollars)? (Round your answer to the nearest cent.)

$

#2. You want to buy a 5 year bond with a maturity value of $3,000, and you wish to get a return of 5.5% annually. How much (in dollars) will you pay? (Round your answer to the nearest cent.)

$