Question $4$

Suppose you'll deposit $$6,000$ each year for the next $25$ years into a savings account. If the annual interest rate is $3\mathrm{.}8\%,$

how much will you have in the savings account after $25$ years? Please round your answer to the closest two decimal

places.

Question $1$

Questions #$1$ and #$2$ use the following setup:

You have recently received an unexpected financial gain from an investment project.

It will pay you $$10,000$ at the end of the first year. $$20,000$ at the end of the second year, and $$$0,000$

three years from today.

The interest rate is $5\%$ per year.

What is the present value of your unexpected financial gain?