1. A $10,000 investment in a growth-oriented mutual fund over a recent 10-year period would have grown to $126,000. What annual nominal rate would produce the same growth if interest was compounded annually?
2. How long will it take $10,000 to grow to $12,000 if it is invested at 9% compounded monthly?
3. Find the APYs (expressed a a percentage, correct to three decimal places) for each of the banks in Table 1 and compare these CDs.