1. Find the future value at the end of 12 years of $66,000 invested 5 years from today at an interest rate of 7.4 per cent compounded semiannually.
2. It is April 1, 2016 and you need to find the present value of a monthly cash stream that is $1 at the end of the 1st month, and then doubles each odd numbered month but only increases by $1 in even months. The cash stream lasts for a year and the interest rate is 12% compounded monthly.