Paul has deposited $1000 in a savings account paying interest at j1 = 4.5% and now finds that his deposits have accumulated to $1246.18. If he had been able to invest the $1000 over the same period in a guaranteed investment certificate paying interest at j1 = 6%, to what sum would his $1000 now have accumulated? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Calculate the amount of interest earned between 5 and 10 years after the date of an investment of $100 if interest is paid semi-annually at 12=7%. (Do not round intermediate calculations. Round your answer to 2 decimal places.)