4-7:

A deposit of $350 earns the following interest rates:

8 percent in the first year.

6 percent in the second year.

5 percent in the third year.

What would be the third-year future value?

5-1:

Future Value : Compute the future value in year 9 of a $2,000 deposit in year 1 and another $1,500 deposit at the end of year 3 using a 10 percent interest rate.

NOTE:Please answer the question for 5-1