Q1. First City Bank pays 8.1% simple interest on its savings account balances, whereas Second City Bank pays 8.1% interest compounded annually. If you made a $77,000 deposit in each bank, how much more money would you have in your Second City Bank account at the end of 7 years?

Q2. Assume the total cost of a college education will be $130,681 when your child enters college in 19 years. You currently have $63,030 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college education? (Round final answer to two decimals places and report in percentage form: x.xx%)

Q3. Assume that in January 2,015, the average house price in a particular area was $231,115. In January 2,005, the average price was $185,910. What was the annual increase in selling price? (Round your final answer to two decimal places and report in percentage form: x.xx%)