1. In a situation with an interest rate of 2.4 % and an inflation rate of 4.1 %, how much money is needed now to cover a 10,500 Euros transaction in 10 years?

2. The interest rate over the next 24 years is expected to be at 1.6% for the first 20 years, and at 1.5% for the remaining years.  If a sum of money is at 14,000 now,

Calculate how much would its value be in 24 years, assuming no inflation?