1) A 15-year annuity pays $1,900 per month, and payments are made at the end of each month. If the interest rate is 10 percent compounded monthly for the first seven years, and 6 percent compounded monthly thereafter, what is the present value of the annuity?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

2) You want to buy a new sports car from Muscle Motors for $71,000. The contract is in the form of a 72-month annuity due at an APR of 6.9 percent. What will your monthly payment be?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)