Assume that a firm makes a $$2,500$ deposit into its money market account. If this account is currently paying $0\mathrm{.}7\%($yes$,$ that$$s right, less than $1\%!),$ what will the ac$-$ count balance be after $1$ year?

E$52$ If Bob and Judy combine their savings of $$1,260$ and $$975,$ respectively, and deposit this amount into an account that pays $2\%$ annual interest, compounded monthly, what will the account balance be after $4$ years?

E$53$ Gabrielle just won $$2\mathrm{.}5$ million in the state lottery. She is given the option of receiv$-$ ing a total of $$1\mathrm{.}3$ million now, or she can elect to be paid $$100,000$ at the end of each of the next $25$ years. If Gabrielle can earn $5\%$ annually on her investments, from a strict economic point of view which option should she take?