1. If $2300 is deposited in an account paying an annual interest rate of 7%
compounded annually and left there for eight years, how much money will be in the account at the end of the eight years? How much interest will be
2. If $6,543.21 is deposited into an account earning 7.6% compounded monthly and left there for 15 years, how much will the account be worth? How much interest will be earned?