QUESTION $1$

You will deposit $$300$ today, $$500$ at time four, and $$300$ at time seven in a bank account earning $5\%$ per year. Assuming no withdrawal, what is your bank balance at year $10?($Answer is rounded to the nearest dollar$)$

A$.$ $$1,429$

B$.$ $$1,477$

C$.$ $$1,506$

D$.$ $$1,581$

E$.$ None of the above

QUESTION $2$

You deposit $$1,000$ in the bank this morning. For the first $3$ years, you earn $2\%$ per year; for the following $5$ years, you earn $3\%$ per year, and for the last $4$ years, you earn $1\%$ per year. Assuming no withdrawal of money, what is your bank balance after $12$ years? $($Answer is rounded to the nearest dollar$)$

A$.$ $$1,280$

B$.$ $$1,322$

C$.$ $$1,366$

D$.$ $$1,408$

E$.$ None of the above