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1. Compute the future value in year 9 of a $5,400 deposit in year 1 and another $4,900 deposit at the end of year 5
1.
Compute the future value in year 9 of a $5,400 deposit in year 1 and another $4,900 deposit at the end of year 5 using an 9 percent interest rate. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
2.
Compute the present value of a $3,900 deposit in year 2 and another $3,400 deposit at the end of year 4 if interest rates are 9 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
3.
Given a 3 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1,850, $2,050, $2,050, and $2,350. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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