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14. Whats the interest rate of a 5-year, annual $4,700 annuity with present value of $18,500? (Round your answer to 2 decimal places.) 3. Compute

14.

Whats the interest rate of a 5-year, annual $4,700 annuity with present value of $18,500? (Round your answer to 2 decimal places.)

Compute the future value in year 7 of a $2,500 deposit in year 1 and another $2,000 deposit at the end of year 4 using a 8 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

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