1.If 400 is deposited in a savings account at the begining of each of 15 years and the account draws interest at 7%/yr, compounded annualy, the value at the end of 15 years is what?
2.A company deposits 10,000 every year for ten years in a bank. The company makes no deposits during the subsequent 10 years. If the bank pays 10% interest, what is the amount in the account at the end of 20 years?