After carefully reviewing this week's lecture materials $($videos$,$ PPT lectures, and articles$),$ please respond to the following question$($s$)$:

$1.$Would you rather have a savings account that pays $5\%$ interest compounded semiannually or one that pays $5\%$ interest compounded daily? Explain.

$2.$ In this module we examine the time value of money. This concept can also be used to plan an individual$$s retirement account. Assume some amount of monthly contributions, employer matching added in$,$ assumed average annual earnings, and the expected number of years until retirement, to calculate the expected size of a generic retirement account.