1. Damon wants to have $10,000 built up in savings in 18 years to give to his new nephew. If he were to put his money into a money market account earning 5% annually, how much would he have to save per year?
A - 355
B - 403
C - 508
D - 855
2. Which of the following would yield the highest results after 30 years?
A - invest $200,000 at 10% one time
B - invest $10,000 at 10% yearly