Rodney has $600 in cash received as graduation gifts from various relatives. He wants to invest it in a guaranteed investment certificate (GIC) so that he will have a down payment on a car when he graduates from university in five years. His bank will pay 5 percent interest compounded annually for the five-year GIC. How much will Rodney have in five years to put down on his car? How much will Rodney have in five years to put down on his car, ignoring the effect of income taxes? $ (Use the time value of money formulas or the TI BA II Plus financial calculator, and enter your answer rounded to the nearest cent.)