1. How much will $1,000 deposited in a savings account earning a compound annual interest rate of 6 percent be worth at the end of the following number of years?
a. 3 years
b. 5 years
c. 10 years
2. If you require a 9 percent return on your investments, which would you prefer?
a. $5,000 today
b. $15,000 five years from today
c. $1,000 per year for 15 years