Q1. On Juans 26th birthday, he deposited $8,500 in a retirement account. Each year thereafter, he deposited $1,000 more than the previous year. Using a gradient series factor, determine how much was in the account immediately after his 35th deposit if:

A. the account earned annual compound interest of 3.5%.

B. the account earned annual compound interest of 4.5%.

Q2. A series of 10 end-of-year deposits is made that begins with $5,500 at the end of year 1 and decreases at the rate of $300 per year with 8% interest.

A. What amount could be withdrawn at t = 10?

B. What uniform annual series of deposits (n = 10) would result in the same accumulated balance at the end of year 10?