Question: Question 1 O pts 11. What is the future value in 7 years of $700 invested every year at 7% interest with monthly compounding? Assume

Question 1 O pts 11. What is the future value in 7 years of $700 invested every year at 7% interest with monthly compounding? Assume each $700 payment is invested at the BEGINNING of the year (Example: the investment period begins January 1, 2005 with a $100 deposit and ends December 31, 20011). Similar to Homework Question 5 O pts D Question 2 12. If you graduate from UNCC and begin saving $400 a month at a rate of 8% compounded monthly (END of month), how much will you have earned in interest in 20 years? Similar to Homework Question 7: Not 7 asks for total and not interest O pts section 3

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