1. Assume the nominal rate of return is 7.33% and the real rate is 3.42%. Find the inflation rate of return using the exact formula.

Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

2. What is the value today of a money machine that will pay $1,921.00 per year for 21.00 years? Assume the first payment is made one year from today and the interest rate is 10.00%.

Answer format: Currency: Round to: 2 decimal places.