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QUESTION 1 Use the future value formula to find the indicated value. Round to three decimal places. n = 15, i = 0.04, PMT =

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QUESTION 1 Use the future value formula to find the indicated value. Round to three decimal places. n = 15, i = 0.04, PMT = $1; FV = ? QUESTION 2 Solve the problem. Round to the nearest cent. Larry wants to start an IRA that will have $400,000 in it when he retires in 22 years. How much should he invest semiannually in his IRA to do this if the interest is 9% compounded semiannually

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