An individual expects his return on an investment to be $10,000 the first year and to increase exponentially at 15% each uear for the next five years. Using a 5% annual interest rate, compute the...

An individual expects his return on an investment to be $10,000 the first year and to increase exponentially at 15% each uear for the next five years. Using a 5% annual interest rate, compute the present worth of the investment using both the year-end and month-end conventions.