1. You have just invested a one-time amount of $3,000 in a stock-based mutual fund. This fund should earn (on average) 9% compounded annually over a long period of time. How much will your investment be worth in 32 years?

2. an asset purchased for $50,000 has a depreciable life of 5years, and it has a terminal book (salvage value) of $5,000 at the need of its depreciable life. with the straight-line method of depreciation, what is the asset's book values at the end of year 3?