1. What investment per quater does Patrick need to make at the end of each quarter into his savings account over the coming 9 quarters to reach his vacation goal of $7,000 if he is getting 10% APR on hisaccount? What investment per quarter does Patrick need to make into his savingsaccount?

2. What is the effective annual rate of a mortgage rate that is advertised at 7.5% (APR) over the next twenty years and paid with weekly payments?