$1.$ What is the present value of $ $43,000$ to be received $5$ years from today, assuming an annual discount rate of $7$ percent? Round your answer to $2$ decimal places; for example $2345\mathrm{.}25.$

$2.$ Suppose you make a one$-$time $ $12,000$ investment into an account that yields a $11\%$ annual return. If you keep the account for $8$ years, what should be the account balance? Round your answer to $2$ decimal places; for example $2345\mathrm{.}25.$