1-On New Year' s Day 2004, Marano resolved to deposit $2,500 at the start of each year into a retirement savings account. account earns 8% compounded annually, :?how much will he have after 40 years

a Nearly SAR 800

b Nearly SAR 1100

c Nearly 1000

d Nearly 900

2-suppose you wish to set aside SAR 2,000 at the end of each of the next 10 years in an account paying 12 percent compounded annually. You accumulate at the end of 10 years an amount closest to

a SAR 22,456

b SAR 35,098

c SAR 28,324

d SAR 20,324