11: Jennifer was awarded damages of $150,000 in a successful lawsuit she brought against her employer 5 years ago. Simple interest on the judgment accrues at the rate of 11%/year from the date of filing. If the case were settled today, how much would Jennifer receive in the final judgment?

12: David owns $15,000 worth of 10-year bonds of Ace Corporation. These bonds pay interest every 6 months at the rate of 3%/year (simple interest). How much income will David receive from this investment every 6 months? How much interest will David receive over the life of the bonds?