216 Example 2.1.21-1 AV H

Dave makes five deposits of $200 into a fund at two-year intervals with his first deposit made at the end of year 1. His fund earns interest at an annual effective rate of 4% during the first three years and 5% thereafter. The accumulated value at the end of 10 years of Dave's fund is X. Find the value of X. (use a decimal number, rounded to the nearest 100th, without $ sign. For example, 1234.56)

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216 Example 2.1.21-2 AV H

Julie also makes five deposits of $200 into a fund at two-year intervals with her first deposit made at the end of year 1. The interest credited by her fund is an annual effective interest rate of 4% for her first two payments and an annual effective interest rate of 5% for her last three payments. The accumulated value at the end of 10 years of Julie's fund is Y. Find the value of Y. (use a decimal number, rounded to the nearest 100th, without $ sign. For example, 1234.56)