$1.)$ Paulie enters a contract where he will receive $$300,000$ from Jimmy five years from now. Assuming the interest rate of $6\mathrm{.}5\%$ that will compound annually, what is the present value of the payment Jimmy will receive?

$$221,256\mathrm{.}83$

$$218,964\mathrm{.}25$

$$226,415\mathrm{.}09$

$$212,498\mathrm{.}85$

$2.)$Kevin borrows the simple loan of $$400,000$ from ABC Bank in a ten$-$year contract with the interest of $6\mathrm{.}2\%$ per year. Assuming the interest rate compounds annually, what would be the amount Kevin will need to pay back in ten years?

$$682,263\mathrm{.}35$

$$754,256\mathrm{.}24$

$$648,000\mathrm{.}00$

$$729,970\mathrm{.}25$