1.You would like to replace your computer in 10 years and need $3000. You expect a growth rate of 6%. How much do you need to deposit in order to reach your goal? Round to the nearest $, no periods and nothing in cents

2.You invest $100 today and allow it to reinvest the growth over time. The end result is greater than what you would expect if you did not reinvest the proeeds. This is resulting from the the power of _______________________?

a timing the market b simple interest c compounding d market efficiency