Question: need help on 1 and 2 Question 1 (1 point) Find the present value of $340.00 due in 13 years at 5%. (Answer to the

need help on 1 and 2

Question 1 (1 point) Find the present value of $340.00 due in 13 years at 5%. (Answer to the nearest cent. i.e. one thousand dollars would be entered 1000.00) Your Answer: Answer Question 2 (1 point) What is the present value of a security that will pay $8550 in 27 years if securities of equal risk pay 7% annually? (Answer to the nearest cent. i.e. one thousand dollars would be entered 1000.00)

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