1) You want to buy a place to live soon after graduation. You can purchase a small place for $350,000. You will need a 20% down payment. How much should you put into an account earning 3% per year in order that you will have the necessary down payment in 7 years time?

Multiple Choice

• $37,652.36

• $41,754.25

• $23,633.87

• $40,654.58

2) For this question, refer back to the video, The Most Important Video You Will Ever See by Professor Al Bartlett. Professor Barlett talks a lot about the doubling time. In the early days of the Covid-19 pandemic, the number of infected individuals was doubling every three days. Given a doubling time of three days and assuming that 700 individuals were initially infected by the virus, how many people would be infected by the virus at the end of 30 days?

Multiple Choice

• 1,024,000.00

• 1,433,600.00

• 716,800

• 512,000.00

3)If the number of people infected by the Covid-19 virus is now doubling every 15 days, what is the daily growth rate of infected individuals?

Multiple Choice

• 4.73%

• 3.75%

• 2.17%

• 2.96%