Q1.You are scheduled to receive $16,651 in three years. When you receive it, you will invest it for seven more years at 7.6 percent per year. How much will you have in ten years? (Round your final answer to two decimal places.)

Q2.You expect to receive $11,822 at graduation in four years. You plan on investing it at 10 percent until you have $76,268. How long will you wait from now? (Round your final answer to two decimal places.)