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1. You plan to invest $2,500 in a money market account which will pay an annual stated (simple) interest rate of 8 percent. If you

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1. You plan to invest $2,500 in a money market account which will pay an annual stated (simple) interest rate of 8 percent. If you leave this money on deposit for two year, what will be your ending balance when you close the account? 2916.00 52,583.28 $2,611.72 $2.703.00 1. If $100 is placed in an account that earns 4 percent annual interest, what will it be worth in 10 years? $318.95$ $105.10 $148.02 $140.00

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