1. Your mother is trying to choose one of the following bank CDs to deposit$10,000. Which one will have the highest future value if she plans to invest for three years? (Assume a 365-day year and use 4 decimal places.)

7.45%, compounded daily

7.50%, compounded weekly

7.51%, compounded monthly

7.52%, compounded quarterly

7.70%, compounded annually

2. In 1994, Mr. Kraft bought the New England Patriots for $175 million. In 2018, the team was valued at $3.8 billion. What annual rate of return did Mr. Kraft earn on his investment? Was this a good investment if he could have earned 13.5 percent in the stock market?

13.68 percent, yes

13.68 percent, no

13.10 percent, yes

13.10 percent, no

10.50 percent, yes