1- Uncle Tim gave me $130 today for my birthday. He also promised to give me another $130 each for my next two birthdays. If I deposit all the money I receive from my uncle Tim on the day it is given to me at 6% how much will I have at the end of three years? (Points : 3)

$438.70 $400 $331.01 $540.81

My son plans to go to college and plans to pay most of his first years' expenses himself. In exactly five years from today, he wants to have $17,000 accumulated. If he plans to pay equal annual dollar amounts into an account that pays 5% per year, how much should each of his five payments be?

$1773.96 $1789.85 $3,076.57 $1907.59 $1433.07