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Some amount of principal is invested at a 7.4% annual rate, compounded monthly. The value of...

Some amount of principal is invested at a 7.4% annual rate, compounded monthly. The value of the investment after 7 years is $2185.76. Find the amount originally invested.

Round to two decimal places

AND

Nathan invests $1000 into an account earning interest at an annual rate of 4.7%, compounded annually. 4 years later, he finds a better investment opportunity. At that time, he withdraws his money and then deposits it into an account earning interest at an annual rate of 7.1%, compounded annually. Determine the value of Nathan's account 9 years after his initial investment of $1000.

Round to two decimal places.

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