3d1.

You are given an investment to analyze. The cash flows from this investment are

End of year

$1,662 $2,898 $651 $1,926 $1,485 What is the future value of this investment at the end of year five if 13.81 percent per year is the appropriate interest (discount) rate?

Round the answer to two decimal places.

3b1

You have decided to place $814 in equal deposits every month at the beginning of the month into a savings account earning 11.88 percent per year, compounded monthly for the next 11 years. The first deposit is made today. How much money will be in the account at the end of that time period?

Round the answer to two decimal places.

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