1. Milos wants to have 193,488 dollars in 11 years. Milos plans to make regular savings contributions of 5,510 dollars per year for 11 years, with the first of these regular savings contributions made later today. In addition, Milos expects to make a special savings contribution of X in 2 years. He expects to earn 14.18 percent per year. What is X, the amount of the special savings contribution that Milos will make in 2 years from today?
2. Fei currently has 14,100 dollars saved. In addition, he plans to save 8,700 dollars per year for 7 years and his first annual savings contribution is expected immediately. Fei expects to earn 10.26 percent per year. How much money does Fei expect to have in 7 years?