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1 . What is the future value of a 1 4 - year ordinary annuity with annual payments of $ 5 4 , 0 0

1.What is the future value of a 14-year ordinary annuity with annual payments of $54,000, evaluated at a 7.1 percent interest rate? Round it to two decimal places, and do not include the $ sign, e.g.,123456.54
2. Your credit card says it charges 14.1% APR with daily compounding. What real annual rate are they charging? That is, find the effective annual rate (EAR). Express in percentage but do not include the % sign, and round it to two decimal places, e.g.,9.45(for .0945 or 9.45%)

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