At what quoted annual interest rate must $221,000 be invested so that it will grow to be $353,000 in 7 years if interest is compounded quarterly?

	1.69%
	6.92%
	6.75%
	5.49%
	9.41%

You plan to accumulate $485,000 over a period of 8 years by making equal annual deposits in an account that pays an annual interest rate of 14% (assume all payments will occur at the beginning of each year). What amount must you deposit each year to reach your goal?

	$32,150.40
	$36,651.46
	$170,021.14
	$241,940.08
	$28,292.36