1)Find the present value for the amount given in the table.

Amount	Nominal Rate	Frequency of Conversion	Time
$3757.46	9.8%	semi-annually	6 years

The present value is $

(Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

2) Two debts, the first $ 1300 due three months ago and the second $ 800 borrowed two years ago for the term of the five years at 3.8% compounded annually are to be replaced by the single payment one year from now. Determine the size of the replacement payment if interests are 3% compounded quarterly and the focal date is one year from now

The size of the replacement payment is $

( Round the final answer to the nearest cent as needed. Round all the intermediate values to six decimal places as needed )