Question: Hello, I am having a hard time figuring out the two questions below. If you can provide step-by-step instructions on how you arrived at the

Hello,

I am having a hard time figuring out the two questions below. If you can provide step-by-step instructions on how you arrived at the answer, I would appreciate it. It will help me with other questions I have to finish up for this assignment.

QUESTION:

1.What is the implied annual rate if you deposit $750 and receive $2,000 in 8 years, assuming interest is compounded quarterly?

2.You just won a lottery that will pay you$2,500a year for twenty years.You will receive your first payment today.If you can earn8percent on your money,what are your winnings worth to you today?

Thank you

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