1. Moving Cash Flows What is the value in year 15 of a $600 cash flow made in year 3 when the interest rates are 4.0 percent?
A) $1,080.57
B) $888.00
C) $960.62
D) $674.92
2. Interest-on-Interest Consider a $3,300 deposit earning 9 percent interest per year for 8 years. How much total interest is earned on the original deposit (excluding interest earned on interest)?
A) $899.00
B) $3,275.00
C) $237.60
D) $2,376.00