please answer both.

You just won a contest. The prize is a lump sum payment of $ 58,521 , however, you will not receive this payment for 23 years. Compute the present value of your prize assuming a discount rate of 11 percent per annum. (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign). Your Answer: Answer Question 9 (6.66 points) Compute the present value of an annuity of $ 845 per year for 24 years, given a discount rate of 7 percent per annum. Assume that the first cash flow will occur one year from today (that is, at t = 1). (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign). Your