Question $1$

$5$ pts

Suppose you want to create a "college fund" for your newborn child and plan to deposit $$3,908$ in a bank account at the beginning of each of the next $18$ years. If the account paid $15\%$ interest per year, how much will be in the account at the end of the $18$th year? $($Round up your answer to a whole number$)$

Question $2$

$5$ pts

Suppose you won a law suit settlement of $$2,661$ per month for the next $8$ years. Suppose you don't want to wait each month to get your payment and you want the cash now. If the going interest rate is $3\%$ APR then how much is your settlement worth today? $($Round the answer two decimal point$)$