What amount would you have if you deposited $3,800 at the end of each year for 25 years at 8 percent (compounded annually). What if the first deposit is made today (annuity due) and at the beginning of each year for 25 years. What is it worth then at the end of 25 years? Use Exhibit 1B-2. (Round time value factors to 3 decimal places and final answers to 2 decimal places. Omit the "$" sign in your response.)

Future Value (deposited at the end of each year) $ ______

Future Value (deposited at the beginning of each year) $_______