Suppose you deposit $1,564.00 into and account 3.00 years from today into an account that earns 8.00%. How much will the account be worth 14.00 years from today?
Suppose you need to have $54,351.00 in an account 17.00 years from today and that the account pays 14.00%. How much do you have to deposit into the account 11.00 years from today?