Ashley has a large and growing collection of animated movies. She wants to replace her old television with a new LCD model, so she has started saving for it. At the end of each year, she deposits $1,060 in her bank account, which pays her 7% interest annually. Ashley wants to keep saving for two years and then buy the newest LCD model that is available. Ashley's savings are an example of an annuity. How much money will Ashley have to buy a new LCD TV at the end of two years? O $2,194.20 $2,347.79 $1,865.07 $2,050.65 O $1,916.50 $2,934.74 $2,347.79 $2,194.20 If Ashley deposits the money at the beginning of every year and everything else remains the same, she will save by the end of two years. In 1626, Dutchman Peter Minuit purchased Manhattan Island from a local Native American tribe. Historians estimate that the price he paid for the island was about $24 worth of goods, including beads, trinkets, cloth, kettles, and axe heads. Many people find it laughable that Manhattan Island would be sold for $24, but you need to consider the future value (FV) of that price in more current times. If the $24 purchase price could have been invested at a 4.75% annual interest rate, what is its value as of 2018 (392 years later)? $1,621,849,568.69 O $1,908,058,316.10 $2,518,636,977.25 O $2,194,267,063.52