What is the future value of $$1400$ a year for $10$ years at $6$ percent interest? Assume compounding monthly.

Responses

$14819\mathrm{.}24$

$14319\mathrm{.}24$

$10319\mathrm{.}24$

$23819\mathrm{.}24$

What is the future value of $$17,400$ invested for $11$ years at $6$ percent compounded annually?

Responses

$28030\mathrm{.}39$

$33030\mathrm{.}39$

$40030\mathrm{.}39$

$35030\mathrm{.}39$