1- $1,200 is received at the beginning of year 1, $2,200 is received at the beginning of year 2, and $3,300 is received at the beginning of year 3. If these cash flows are deposited at 12 percent, apply financial techniques to find their combined future value at the end of year 3.

2- Apply financial techniques and tools to calculate the future value of a $10,000 annuity due deposited at 12 percent compounded annually for each of the next 5 years.