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1.) An investment makes payments of $4418.38 at the end of each month for 26 months. The rate or return of the investment is 3.38%

1.) An investment makes payments of $4418.38 at the end of each month for 26 months. The rate or return of the investment is 3.38% compounded monthly.

a) Using your financial calculator, what is the present value of this investment?

b.) what is the future value of this investment?

2.)

An investment makes payments of $1335.76 at the end of each year for 25 years. The rate or return of the investment is 3.92% compounded annually.

a.) what is the present value of this investment?

b.) Using your financial calculator, what is the future value of this investment?

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