Question $1$

A client invests $$176$ thousand in a money market fund expected to earn $3\mathrm{.}8\%$ annually, and

plans to reinvest any returns generated. Estimate the value of the client's portfolio in $17$

years.

Question $2$

One of your clients has an outstanding personal loan, in the amount of $75$ thousand, which is

stated to have $17\mathrm{.}2\%$ APR interest. If the bank actually compounds interest daily, how much

money will your client owe on this loan at the end of the year, assuming no additional

borrowing or repayment on the loan?