1. Hillary is going to contribute $250 on the first of each month, starting today, to her retirement account. Her employer will contribute by adding $125 to the amount Hillary saves. If the two of them continue to do this and she can earn a monthly interest rate of .5 percent in her retirement account, how much will she have 25 years from today?
$261,172
$268,418
$199,312
$336,264
$204,286
2. Which of these statements is true for a given treasury bill?
1. The bank discount yield > the effective annual yield > the bond equivalent yield
2. The bank discount yield > the bond equivalent yield > the effective annual yield
3. The bank discount yield > the bond equivalent yield > the effective annual yield on leap years
4. The bank discount yield and the bond equivalent yield are both less than the effective annual yield
5. It depends on which political party is in power.