1)you are planning to make monthly deposits of $1000 into a retirement account that pays 10 percent interest compounded monthly. If your first deposit will be made ten months from now, how large will your retirement account be in 30 years?

2)investment company OPEC is offering car loans at 10 percent year compounded monthly. You manage catfish union where rates are quoted as "per year compouned semiannually".what is the most you quote to remain competitive with OPEC ?