9)

You need $12,000 at the end of 5 years to use as a down payment on a beachfront lot in Hatteras, NC. You found a Vanguard Money Market account that pays 10% compounded annually. How much do you need to deposit each year to reach your goal?

		$965.60
		$2965.60
		$1965.60
		$95.60

10)

What is the future value of $500 deposited today at 10% for 5 years?

		$805.50
		$814.50
		$824.50
		$850.50