Compute the future value in year 7 of a $4,000 deposit in year 1 and another $3,500 deposit at the end of year 4 using a 8 percent interest rate. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
What's the present value, when interest rates are 7.5 percent, of a $140 payment made every year forever? (Round your answer to 2 decimal places.)