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Question 1 (20 points) What is the future value of $1250 (today) after 5 years at 6% APR compounded annually? Round to the nearest dollar.

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Question 1 (20 points) What is the future value of $1250 (today) after 5 years at 6% APR compounded annually? Round to the nearest dollar. $6,047 $1,673 $7,046 $1,763 Question 2 (20 points) What is the present value of a single payment of $245 at the end of the third year? The interest rate (APR) is 4%, compounded yearly. Round to the nearest dollar. $265 $218 $220 $215

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