a) What is the future value of a 5-year ordinary annuity with annual payments of $419, evaluated at a 5 percent interest rate? (Do not include the dollar sign ($), and round your answer to 2 decimal places: for example, 536.34)

b) What is the present value of a 8-year ordinary annuity with annual payments of $407, evaluated at a 14 percent interest rate? Round your answer to 2 decimal places; for example 2345.25.