Math 1090 Quiz 30 6 April, 2012 Name: Instructions: Answer the questions below. Make sure to show all work clearly. 1. I have $100, which I choose to invest in an account paying 6% interest compounded monthly. (a) (3 points) How long will it take my money to double? (b) (3 points) How much money will I have in 40 years when I retire? (c) (4 points) What is the APY for my account?