1. Dr. Bernstein wants to expand his radiology practice. Dr. Bernstein is researching various local banks for the best certificate of deposit rate to fund his expansion. One bank is willing to offer him a 10-year certificate at 4% interest rate compounded annually. If Dr. Bernstein has $80,000 to invest, how much will be available at the time of maturity?

   Period	1%	2%	4%	6%
   5	1.051	1.104	1.217	1.338
   6	1.062	1.126	1.265	1.419
   7	1.072	1.149	1.316	1.504
   8	1.083	1.172	1.369	1.594
   9	1.940	1.195	1.423	1.689
   10	1.105	1.219	1.480	1.791

   a. $60, 000

   b. $81,400

   c. $92,500

   d. $118,400

2. Which of the following is not part of the review process of developing a banking relationship in larger hospitals?

   a. Annual cost of banking service

   b. Customer service

   c. Bank response time to proposal

   d. Informal meetings