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1. You have $30,000 to invest and want the greatest yield from your investment after five years. You have two plans to choose from: Plan

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1. You have $30,000 to invest and want the greatest yield from your investment after five years. You have two plans to choose from: Plan A -6.9% compounded monthly or Plan B - 7% compounded quarterly (a) Which plan would you take to achieve this? [2] (b) How much will you have at the end of five years? [3] 2. How long will it take for you to triple an investment if the rate applied is 6% compounded semi-annually? [5]

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