1. (10pts) Determine the present worth and future worth of the following investment strategy. Invest $3,000 dollars today and invest $100 every year for the next 30 years. Assume that the annual nominal interest is 13%, which is compounded annually. Please write down all relative formulas. Use the table values, do not use Excel. You will probably need to use linear interpolation.

(i.e. Present worth = 300*(P/A,.02,4) + 1000 (P/F,.02,4) +10000)