Problem 5-33 Calculating Future Values [LO 4]

You have an investment that will pay you 1.13 percent per month.

Requirement 1:

How much will you have per dollar invested in one year? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Future value

$

Requirement 2:

How much will you have per dollar invested in two years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Future value

$

References

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