Please answer both questions #1 and #2. If the problem can be solved using a HP 10bII+ Financial Calculator, please include the steps used on the calculator if possible. Thank you!

1.)

#2.)

For each of the following cases, indicate (a) to what rate columns, and (b) to what number of periods you would refer in looking up the interest factor. 1. In a future value of 1 table: Morgan Jackson invests $30,700 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Morgan withdraws the accumulated amount of money. (a) Compute the amount Morgan would withdraw assuming the investment earns simple interest. 2. In a present value of an annuity of 1 table: (Round "Rate of Interest" answers to 1 decimal place, e.g. 4.5% and other answers to 0 decimal places, e.g 45.)