1.You are planning to deposit $30,000 in the beginning of each year over next 6 years @12% interest. Youare also planning to withdraw $40,000 at thr end of year 6, 7 and 8. What wil be futurevalue of all your transactions at the end of year 9 if the interest rate is 14% in beginning of year 7 and continues up to the end of year 9?

2.From the following information, determine how much money you have to deposit per month in a bank to meet your target :

To receive an annuity of $50,000 every month by you for a period of 15 years from your 58th birthday. You want to start the deposit scheme to start from your 25th birthday and continue to do the same until you reach your 57th birthday. The bank is offering a interest of 7.5% per annum.