You are opening an investment account that will earn 10% compounded annually. You will invest $100 today, $400 two years from today, and $500 4 years from today. What will the value of your account be 4 years from today?

Question 7 options:

	1,218
	1,056
	1,130
	1,326
	1,180

Your older sister deposited $3,000 today at 7.5 percent interest for 10 years. You would like to have just as much money at the end of the next 10 years as your sister will have. However, you can only earn 6 percent interest. How much more money must you deposit today than your sister did if you are to have the same amount at the end of the 10 years?

Question 8 options:

	345.78
	452.61
	561.81
	384.38
	602.38