Afirms dividends have grown over the last several years. 6years ago the firm paid a dividend of $1. Yesterday it paid a dividend of $7. What is the average annual growth of dividends. Round the answer to two decimal places.
For the next 10 years, you decide to place $1,385 in equal year-end deposits into a savings account earning 4.91 percent per year. How much money will be in the account at the end of that time period? Round the answer to two decimal places.