Compute future value in year

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Reference no: EM131879588

1. Compute the future value in year 8 of a $5,300 deposit in year 1 and another $4,800 deposit at the end of year 3 using an 10 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

2. If the future value of an ordinary, 8-year annuity is $9,200 and interest rates are 10.0 percent, what’s the future value of the same annuity due? (Round your answer to 2 decimal places.)

Reference no: EM131879588

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