Award: $5\mathrm{.}00$ points

Problem $9-11($Algo$)$ Future value $[$LO$9-2]$

If you invest $$8,600$ per period for the following number of periods, how much would you have in each of the following instances? Use Appendix C for an approximate answer, but calculate your final answer using the formula and financial calculator methods.

a$.$ In $13$ years at $6$ percent?

Note: Do not round intermediate calculations. Round your final answer to $2$ decimal places.

Future value

b$.$ In $30$ years at $12$ percent?

Note: Do not round intermediate calculations. Round your final answer to $2$ decimal places.

Future value