1. You have deposited $1500 in an account. In the first year, the account pays a yearly interest rate of 8%, compounded annually. However, in the second year, it pays a yearly interest rate of 8%, compounded quarterly. How much will you have at the end of the second year?
a) $1740.00 b) $1749.60 c) $1753.54 d) $1757.49
2. In the U.S. the principal value of a bond is most commonly: $100. $1,000. $5,000. $500. $10,000.