1.A young man is the beneficiary of a trust fund established for him25yr ago at his birth. If the original amount placed in trust was$50,000, how much will he receive if the money has earned interest at the rate of8%/year compounded annually? Compounded quarterly? Compounded monthly? (Round your answers to the nearest cent.)

compounded annually$compounded quarterly$compounded monthly$____

2.Anthony invested a sum of money4yr ago in a savings account that has since paid interest at the rate of4%/year compounded quarterly. His investment is now worth$5,862.89. How much did he originally invest?

$____