1.You are planning to put $2,000 in the bank at the end of each year for the next five years in hopes that you will have enough money for a new boat. If you are investing at an annual interest rate of 6%, how much money will you have at the end of five yearsrounded to the nearest whole dollar?

$11,950

$9,019

$11,274

$13,529

2.Youve decided to deposit your money in the bank at the beginning of the year instead of the end of the year, but now you are making payments of $2,000 at an annual interest rate of 6%. How much money will you have available at the end of five yearsrounded to the nearest whole dollar?

$11,950

$8,365

$11,274

$16,730