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I don't know how to solve 1 and 2 for salary and investment. 001 10.0 points If $400 is invested for 9 years at an

I don't know how to solve 1 and 2 for salary and investment.

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001 10.0 points If $400 is invested for 9 years at an annual nominal rate of 10.9% compounded quarterly, what is the investment worth (to the nearest cent) at the end of the 9 year period? 1. A = $1053.03 2. A = $1052.93 3. A = $1053.13 4. A = $1053.23 5. A = $1052.83 002 10.0 points If you begin work in 2007 at an annual salary of $26000 and receive a 6% salary in- crease at the end of each calendar year, what will be your annual salary during 2012? 1. annual salary = $32824 2. annual salary = $30966 3. annual salary = $29213 4. annual salary = $36881 5. annual salary = $34793

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