1. What is the future value 15 years from now of fifteen $785 deposits at a 7.25% compound annual interest rate?
A) $15,748.54
B) $38,472.58
C) $20,110.34
D) $26,332.67
2. What is the future value, ten years from now, of $1,000 invested today at a periodic interest rate of 1% compounded monthly?
A) $3,300.39
B) $5,400.39
C) $745.37
D) $1,100