Once upon a time, your mother told you to "pay

yourself first" - and you always listened to your

mother (except for the time you and two of your

friends went to Atlantic City in the middle of the

night.

.. Well never mind THAT!). Twice each year

(6 months apart) you place $350in your savings

account at your local credit union. The credit

union pays 4% annual interest compounded

semi-annually. How much will your savings grow

to in seven years?