Troy will receive $7,317 at the end of Year 2. At the end of the following two years, he will receive $5,611 and $2,473, respectively. What is the future value of these cash flows at the end of Year 6 if the interest rate is 4 percent?

You would like to provide $130,000 a year forever for your heirs. How much money must you deposit today to fund this goal if you can earn a guaranteed 7.6 percent rate of return?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)