1-Sunland Company will invest $77000 every January 1st for the next six years (2020 2025). If Sunland will earn 9% on the investment, what amount will be in the investment fund on December 31, 2025?

$631433.

$345417.

$376505.

$579297.

2-Crane Company maintains its accounting records using IFRS. The company recently signed a lease for a new office building, for a lease period of 8 years. Under the lease agreement, a security deposit of $21000 is made, with the deposit to be returned at the expiration of the lease, with interest compounded at 8% per year. What amount will the company receive at the time the lease expires?

$20764.

$38870.

$120679.

$34440.