1.	Twyla puts $1000 in a savings account that pays 4% interest, compounded monthly. How much money will be in the account 3 years later if she makes no more deposits?
		A.	$1010.03	B.	$1120.00
		C.	$1127.27	D.	$1124.86
		Hint
	2.	If a $5000 piece of equipment looses value at a rate of 5% per year, how much will it be worth after 5 years?
		A.	$4011.62	B.	$4279.35
		C.	$3868.90	D.	$6381.41
		Hint
	3.	Lance is planning to invest $5000 for a period of 3 years. He has a choice of four different investments. Which of the combinations of interest rates and compounding below will earn the most money?
		A.	7%, daily	B.	7.125%, quarterly
		C.	7.1%, monthly	D.	7.2%, annually
		Hint
	4.	Ricky invested $1000 in an account at 8% interest compounded quarterly. How much money will he have earned on the account after 7 years?
		A.	$1,741.02	B.	$713.82
		C.	$1,713.82	D.	$741.02
		Hint
	5.	Suppose Tyler sprayed around the house for ants. Which formula would be used to find the number of ants still alive after a certain time if the number of ants was changing exponentially?
		A.	exponential decay	B.	compound interest
		C.	exponential growth	D.	cannot be determined from given information
		Hint