1. Your goal is to have $17500 in your bank account by the end of nine years. If the interest rate remains constant at 6% and you want to make annual identical deposits, how much would you need to deposit in your account at the end of each year to reach your goal?

2. If your deposits are made at the beginning of each year rather than at the end, how much would the amount of your deposit change if you still wanted to reach your goal by the end of nine years?