Question 1

Assume that your client invests $1,400 at the end of each of the next four years. The investments earn 4.4% compounded annually. What is the future value at the end of the four years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value $

Question 2

If money can earn 6% compounded monthly, how much more money is required to fund an ordinary annuity paying $320 per month for 30 years than to fund the same monthly payment for 20 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) $ more is required