1. If you deposit $5,000 at the end of each year for 10 years in an account that pays an annual interest rate of 2%, what will your account be worth at the end of 5 years?

2. You decide that you need $63,000 in 7 years to make a down payment on a house. You plan to make annual fixed deposits to achieve your goal. If the interest rate is 1.5%, how much should be deposited each time? Hint use the Financial Function PMT to solve for the payment, and PV will be zero.