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1. Compute the future value in year 9 of a $2,400 deposit in year 1 and another $1,900 deposit at the end of year 5

1. Compute the future value in year 9 of a $2,400 deposit in year 1 and another $1,900 deposit at the end of year 5 using a 9 percent interest rate. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

2. Given a 6 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1,750, $1,950, $1,950, and $2,250. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

3. Compute the present value of a $5,000 deposit in year 2 and another $4,500 deposit at the end of year 5 using an 10 percent interest rate. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

4. What's the present value, when interest rates are 8.0 percent, of a $130 payment made every year forever? (Round your answer to 2 decimal places.)

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