1.Eva will put $5,000 in her tax deferred retirement account each year beginning one year from today and continuing for a total of 25 years. If her investment earns 8.00% per year, how much will she have at the end of 25 years?

Round your answer to the nearest penny. For example, $2,371.243 should be entered as 2371.24

2.The nominal interest rate is 8.00% per year and the inflation rate is 4.00% per year. Compute the annual real interest rate.

Round your answer to the nearest hundredth of a percent. For example, enter 7% as 7.00 or 6.625% as 6.63.