216 Example 2.1.20-1 AV

Payments of 100 are made at the end of each year for 10 years. The effective interest rate is 6% for the first 5 payments and 7% for the last 5payments. Calculate the accumulated value at the end of 10 years. (use a decimal number, rounded to the nearest 100th. For example, 1234.56)

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216 Example 2.1.20-2 AV

Payments of 100 are made at the end of each year for 10 years. The effective interest rate is 6% for the first 5 years and 7% for the last 5 years. Calculate the accumulated value at the end of 10 years. (use a decimal number, rounded to the nearest 100th. For example, 1234.56)