You wish to deposit a certain quantity of money now so that you will have $500 at the end of 5 years. Assume interest is at 8% per year compounded quarterly. The amount your need to deposit now is approximately

Question 3

	$325.12
	$336.50
	$340.20
	$540.00

Question 4

At an interest rate of 1.5% per month, money will double in value in how many months?

	22 months
	40 months
	47 months
	It will never double in value