Please answer both with very step by step work, I am lost and would like to know.

D/1 POINTS || PREVIOUS ANSWERS WANEAC7 7.4.049. MY NOTES You begin saving for your retirement by investing $600 per month in an annuity with a guaranteed interest rate of 7% per year. You increase the amount you invest at the rate of 3% per year. With continuous investment and compounding, how much will you have accumulated in the annuity by the time you retire in 42 years? (Round your answer to the nearest cent.) S 2.842,033.10 x Need Help? Read It Watch It Talk to a Tutor 10. 0/1 POINTS || PREVIOUS ANSWERS WANEAC7 7.4.051. MY NOTES A particular country's treasury issued a 35-year bond on October 15, 2014, paying 5.875% interest. Thus, if you bought s 100,000 worth of these bonds you would receive $5,875 per year in interest for 35 years. An investor wishes to buy the rights to receive the interest on $100,000 worth of these bonds. The amount the investor is willing to pay is the present value of the interest payments, assuming a 6% rate of return. Assuming (incorrectly, but approximately) that the interest payments are made continuously, what will the investor pay? HINT (See Example 5.] (Round your answer to the nearest cent.) S 788.12 x Need Help? Read It Talk to a Tutor Suuril Answer Practice Another Version