1. Luis has $190,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to "roll over" his assets to a new account. Luis also plans to put $3000/quarter into the new account until his retirement 30 years from now. If the new account earns interest at the rate of 4.5%/year compounded quarterly, how much will Luis have in his account at the time of his retirement? Hint: Use the compound interest formula and the annuity formula. (Round your answer to the nearest cent.) $

2. Find the present value of the ordinary annuity. (Round your answer to the nearest cent.)

$180/month for 12 years at 3%/year compounded monthly

Can't seem to get these right. Thank you