1. A policy of REGULATORY FORBEARANCE leads to ______ by financial institutions.
increased risk-taking
decreased corporate meeting procedures
increased levels of issuance of T-bills
reduced internal memos
2. Your cousin is currently 12 years old. She will be going to college in 6 years. Your aunt and uncle would like to have $100,000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 4.0% per? year, how much money do they need to put into the account today to ensure that they will have $100,000 in 6 years? The amount they need to put away today is $___.
?(Round to the nearest? cent.)