Question: 1 . Find the present value annuity factor for a 1 2 - year annuity whose annual rate is 4 . 7 % with daily

1. Find the present value annuity factor for a 12-year annuity whose annual rate is 4.7% with daily compounding.
Round your answer to the nearest thousandth place (3 digits after the decimal point).
2. Suppose that each week, you make a $115 payment toward a 13-year loan whose annual rate is 5.1%. How much was the loan for?
Round your answer to the nearest dollar.

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