Find the present and future worth of the following.

1. end of monthly payments of 10,000 for 10 years , i = 1%/month starting after 1 year.

2. beginning of monthly payments of 5,000 for 10 years , i= 1% per month.

Expected Answer:

1. 654,440.96 and P2,130,204.89
2. 343,552.12 and 1,133,854.90