Question 3 (3 points) Saved Rick is planning to invest the following amounts at 7% interest. How much money will he have saved at the end of year 3? End of Year Amount Saved 1 $500 2 $800 3 $900 O a) $2,328.45 b) $2,200.00 Oc) $1,827.02 d) $2,366.05 Oe) $1,900.71 Question 4 (3 points) Saved A wealthy alumnus gifted GSU with funds for annual scholarships for students in need. If GSU expects to earn an average rate of return of 5.5% and distribute $50,000 each year in scholarships perpetually, how much did the alumnus donate? a) $485,293.05 b) $384,090.91 4458 929 38