1. A deposit of $430 earns the following interest rates: a. 10 percent in the first year. b. 8 percent in the second year. c. 7 percent in the third year. What would be the third year future value? (Round your answer to 2 decimal places.) Future value $
2. A perpetuity pays $230 per year and interest rates are 8.2 percent. How much would its value change if interest rates decreased to 6.7 percent? (Round your answer to 2 decimal places.) Change in value $ Did the value increase or decrease? Increase Decrease.