Q1: Daniel Jackson is planning to invest $22,000 today in a mutual fund that will provide a return of 12 percent each year. What will be the value of the investment in 10 years? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)

Q2: Your aunt is planning to invest in a bank CD that will pay 6.5 percent interest semiannually. If she has $15,000 to invest, how much will she have at the end of four years? (Round your answer to the nearest penny.)