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1. Compute the future value in year 10 of a $1,000 deposit in year 1 and another $1,500 deposit at the end of year 4
1. Compute the future value in year 10 of a $1,000 deposit in year 1 and another $1,500 deposit at the end of year 4 using an 8 percent interest rate. $3,120.73 $4,379.31 $4,500.00 $5,397.31
2. Compute the future value in year 4 of a $500 deposit in year 1 and another $1,000 deposit at the end of year 3 using a 5 percent interest rate. $1,625.00 $1,628.81 $1,800.00 $1,823.26
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