$1$a$.$ If you deposit $$14,000$ in the bank today, what is its future value at the end of sixteen years if it is invested in an account paying $5\mathrm{.}82\%$ interest $($annual compounding, or APR$)?$

N$=$

I$/$Y$=$

PV$=$

PMT$=$

CPT FV$=$

Future value is $

$1$b$.$ What is the present value of $$14,000$ to be received in sixteen years if the appropriate interest rate is $5\mathrm{.}82\%$ APR, continue to assume annual compounding?

N$=$

I$/$Y$=$

CPT PV$=$

PMT$=$

FV$=$

Present value is