2) If you borrow $3,000 at 14% simple interest for 10 months, how much will you owe in 10 months? How much interest will you pay? [Show both problems and answers and state which is which] 3) A $10,000 retirement account is left to earn interest at 7% compounded daily. How much money will be in the account 40 years from now when the owner reaches 65? [Use a 365 day year]