1. Find the accumulated value at the end of the 10th year, of a 5-year increasing annuity-due that has an initial payment of 1000, and each payment thereafter increases by 1000. All deposits earn at an annual rate of 6%, while all interest earnings are immediately reinvested at an annual rate of 3%.
2. What is the present value of the following cash-flow stream if the interest rate is 6%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Year Cash Flow 1 $ 200 2 400 3 300 Present value $