1. Suppose you have $30,000 invested in the stock market and your banker comes to you and tries to get you to move that money into the bank's certificates of deposit (CDs). He explains that the CDs are 100% government insured and that you are taking unnecessary risks by being in the stock market. How would you respond?
2. Find the amount accumulated FV in the sinking fund. HINT [See Example 1.] (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $300 is deposited monthly for 10 years at 6% per year in an account containing $5,000 at the start
FV =