1. You need $2,000 to buy a new iPad in one year. If you can earn 7.5% annually, how much do you need to invest today? (nearest dollar without dollar sign ($) or comma, e.g. 15000)

THE ANSWER IS NOT 1860

2. Your dad wants to save for your graduation, and he realizes you might need $125,000 in 16 years. If he can earn 6% annually how much does he need to invest today? (nearest dollar without a dollar sign ($) or comma, e.g. 15000)

ANSWER IS NOT 49205