1. You deposit $1,000 into a fund at the end of each year. For the first 4 years, the fund earns 5%. After that, the fund earns 3%. How much is in the fund after 6 years?
A) 6200
B) 6400
C) 6600
D) 6800
E) 7000
2. On January 1, 1986, Sam invests 1,000 in a fund for which the force of interest at time t is expressed by \delta t = 0.1(t - 1)2 , where t is the number of years since January 1, 1986. Calculate the accumulated value of the fund on January 1, 1988.
A) 1065
B) 1067
C) 1069
D) 1071
E) 1073