1. Your employer contributes $60 at the end of each week to your retirement account. The account will earn a weekly interest rate of .16 percent. How much will the account be worth when you retire in 30 years?

2. George Jefferson established a trust fund that will provide $173,500 per year in scholarships. The trust fund earns an annual return of 2.2 percent. How much money did Mr. Jefferson contribute to the fund assuming that only income is distributed?