1. What is the total savings plus interest when $100 is deposited today into an account that earns 3% compounded monthly for 4 years?
   a) 100(1+.03)⁴
   b) 100(1+.03/12)⁴
   c) 100(1+.03/12)^4*12
   d) 100((1+.03/12)^4*12)/(.03/12)
   e) 100((1+.03/12)^4*12-1)/(.03/12)
   
   
   
   
2. What is the total savings plus interest when $100 is deposited into an account each month for 4 years at 3% compounded monthly?
   a) 100(1+.03)⁴
   b) 100(1+.03/12)⁴
   c) 100(1+.03/12)^4*12
   d) 100((1+.03/12)^4*12)/(.03/12)
   e) 100((1+.03/12)^4*12-1)/(.03/12)