1. Fourteen years ago, Amilyn deposited money into an account that compounded quarterly at 5.2% interest. After five years, she had to withdraw all of her money (including interest) and transfer it to another account that compounded continuously at 4.9% interest. It has been in this account for nine years. If the current balance is $17,340, how much was the original deposit made fourteen years ago?

2. What is the APY on an account that has a 6.8% annual interest rate compounded monthly? Recall that the APY is the actual interest rate you are getting on the account when you factor in the frequency of compounding.