1. Compounding with Different Interest Rates A deposit of $360 earns interest rates of 7.6 percent in the first year and 10.6 percent in the second year. What would be the second year future value?
$769.28
$425.52
$785.52
$428.42
2. Moving Cash Flows What is the value in year 14 of a $900 cash flow made in year 5 when the interest rates are 9 percent?
$269.32
$3,007.55
$1,954.70
$1,629.00