1. 135 years ago, your great-great grandmother lost $75 playing bingo in Oley, Pennsylvania. If she had not been tempted to gamble on bingo, but instead had deposited the $75 in a savings account earning 2.45% compounded annually, how much would be in the account now?
a. $1,645.66 b. $77,293.27 c. $1,968.69 d. $77.52
2. Sage Monet is going to deposit $625 into a savings plan. She will then deposit an additional $475 each quarter (starting in 3 months) for 30 years. If Sage can earn 4.685% compounded quarterly, what will her balance be in 30 years?
a. $19,335.90
b. $2,608,635.81
c. $127,439.29
d. $125,993.20