7.Interest Earned. Teresa has just opened a NOW account that pays 3.60% interest. If she maintains the account at the required minimum balance of $780

for the next 12 months, how much interest will she earn?

If she maintains the account at the required minimum balance of $780 for the next 12 months, the amount she will earn in interest is $

8. Future Value of Annuity. Lena has just become eligible to participate in her company's retirement plan. Her company does not match contributions, but the plan does average an annual return of 14%. Lena is 40 and plans to work to age 65. If she contributes $110 per month, how much will she have in her plan at retirement?

When Lena retires, the amount she will have in her retirement plan is $