$1.($a$)$ If you deposit $$18,250$ in the bank today, what is its future value at the end of fourteen years if it is invested in an account paying $5\mathrm{.}28\%$ interest $($annual compounding, or APR$)?$

$($b$)$ What is the present value of $$18,250$ to be received in fourteen years if the appropriate interest rate is $5\mathrm{.}28\%$ APR?