Interest-on-Interest Consider a $3,500 deposit earning 6 percent interest per year for 5 years. How much total interest is earned on the original deposit (excluding interest earned on interest)?
$105.00
$1,050.00
$1,183.00
$133.00
2. Moving Cash Flows What is the value in year 6 of a $2,100 cash flow made in year 7 when interest rates are 9.4 percent?
$1,119.69
$1,224.94
$1,902.60
$1,919.56