A two-year investment requires monthly deposits of $110 at the beginning of each month. The deposits earn 6% per year. Calculate the investments future value.

What is the present value of an annuity of $456 to be received at the end of each year for three years discounted at 10.2% APR?

Calculate the present value of $400 to be received at the beginning of each year for four years if the discount rate is 11%. Remember, the payments will be received at the beginning of each year (annuity due).