1. Your family owns a velociraptor skeleton that is currently valued at $80.9 thousand. Your grandfather, being an avid fossil collector, bought it 50 years ago for $21.3 thousand. If the skeleton keeps appreciating at the same average annual rate, what would be its value 25 years from now?
2. 9 years ago you started making annual deposits of $400 into an account paying 9% annual return. You continue to make these deposits every year without fail. If you keep doing this every year for the next 7 years, how much money will you have in 7 years?