Quiz 7

Your small business has a cash reserve of about $200,000. earning 2% annual interest. How much will that be worth in 3 years?

• 206000

• 221000

• 216000

• 212000

You want $1,000,000 in your retirement account in 50 years. If you account grows at an annual rate of 4%, how much would you have to deposit today to reach $1 million in 50 years?

• 601000

• 101000

• 141000

• 181000