1. Two years ago, you opened an investment account and deposited $9,000. One year ago, you added another $2,400 to the account. Today, you are making a final deposit of $9,500. How much will you have in this account 3 years from today if you earn a 14.40 percent rate of return?
$35,699.36
$38,063.54
$35,968.92
$34,075.51
2. How much more current value does a perpetuity of $230 a year have as compared to an annuity of $230 a year for 50 years given an interest rate of 8.3 percent?
$37.23
$51.43
$69.60
$32.65