Question: Problem 5-17 Future Value (LG5-1) Given a 5 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3,

Problem 5-17 Future Value (LG5-1)

Given a 5 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1,650, $1,850, $1,850, and $2,150, respectively. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Future value =

Problem 5-19 Future Value of Multiple Annuities (LG5-2)

Assume that you contribute $300 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $600 per month for another 25 years. Given a 6.0 percent interest rate, what is the value of your retirement plan after the 40 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Future value of multiple annuities =

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