1) Chuck Tomkovick is planning to invest $26,000 today in a mutual fund that will provide a return of 11 percent each year. What will be the value of the investment in 10 years?(If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)

2) Your aunt is planning to invest in a bank CD that will pay 10.00 percent interest semi-annually. If she has $11,500 to invest, how much will she have at the end of four years?(If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to the nearest penny.)