Problem 1: Calculate the NPER for an investment, given the following information: (a) FV: $25,000, (b) PV: $10,000, and (c) Rate: 10%.
Problem 2: Calculate the FV on an ordinary annuity, given the following information: (a) PMT: $1,000, (b) NPER: 15, and (c) Rate: 10%.