Question: 1. Since 2007, a particular fund returned 13.9% compounded monthly. How much would a $4000 investment in this fund have been worth after 2 years?

1. Since 2007, a particular fund returned 13.9% compounded monthly. How much would a $4000 investment in this fund have been worth after 2 years? (Round your answer to the nearest cent.)

2. Calculate the present value of the annuity. (Round your answer to the nearest cent.)

$14,000 annually at 5% for 10 years.

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