1. You want to quit your job and go back to school for a law degree 4 years from now, and you plan to save $6,300 per year, beginning immediately. You will make 4 deposits in an account that pays 5.7% interest. Under these assumptions, how much will you have 4 years from today?
A. $30,451.67
B. $26,971.48
C. $29,001.59
D. $30,161.65
E. $33,061.81
2. Susie has $2,500 invested in a bank that pays 5.6% annually. How long will it take for her funds to double?
A. 12.72 years
B. 13.36 years
C. 15.01 years
D. 12.21 years
E. 15.52 year