1. Walt has $100 in his bank account today. If the interest rate is 15.5 percent compounded annually, how much cash will he have in 100 years?
$16,554,223
$987,445,221
$181,216,785
$1,000,000
$10,000
2. Exxon sells its bonds at 108.375. The amount of premium or discount the bond is selling for is:
None of these
$13.57
$13.75
$17.35
$13.25