1) What is the principle that will grow to $1600 in six years, five months at 6.3% compounded annually? The principal is $

(Round to the nearest percent as needed. Round all intermediate values to six decimals places needed)

2)A debt of $4222.76 is due on December 1, 2023. What is the value of the obligation on March 1, 2016, If money is worth 3% compounded annually? The value of the obligation is $

(Round to nearest percent as needed.Round all intermediate values to six decimals places needed )