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1a deposit of 710 earns interest rates of 7 percent in the

1.A deposit of $710 earns interest rates of 7 percent in the first year and 10 percent in the second year.

A. What would be the second year future value? (Round your answer to 2 decimal places.)

2. What is the present value of a $350 payment in one year when the discount rate is 8 percent? (Round your answer to 2 decimal places.)

3. Compute the present value of an $1,650 payment made in 9 years when the discount rate is 11 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

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Finance Basics: 1a deposit of 710 earns interest rates of 7 percent in the

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