1. (30 points) For the following data, first compute the normal time for the operation which consists of three readings in minutes. The performance rating are shown and the allowances are 5% for fatigue, 5% for delays, and 10 % for personal needs. Then compute the standard time. (completely show your answer)

Bonus (5 points): compute the production standard in pieces per hour.

Element	Reading 1	Reading 2	Reading 3		Rating %
Set Piece	0.127	0.121	0.130		90%
Add Washer	0.045	0.028	0.040		120%
Add Bolt	0.180	0.184	0.190		100%
Tighten	0.212	0.220	0.216		80%

2. (20 points) You receive a gift of $35,000 from an uncle, but under the conditions that you must be married and buying your first house to use it. You figure that will be at least 10 years from now. How much money will you have from saving this gift at 8% for 10 tears?