For each situation, compute the required amount using the tables in this appendix.

1. Summit Enterprises Ltd. is budgeting for the acquisition of land over the next several years. The company can invest $800,000 at 9 percent. How much cash will Summit Enterprises Ltd. have for land acquisitions at the end of five years? At the end of six years?

2. Alton Associates Inc. is planning to invest $10,000 each year for five years. The company's investment advisor believes that Alton Associates Inc. can earn 6 percent interest without taking on too much risk. What will be the value of Alton's investment on the date of the last deposit if Alton can earn 6 percent? If Alton can earn 8 percent?