a) What is the present value of $ 38,000 to be received 6 years from today, assuming an annual discount rate of 12 percent? Round your answer to 2 decimal places; for example 2345.25.

b) Suppose you make a one-time $ 13,000 investment into an account that yields a 11% annual return. If you keep the account for 9 years, what should be the account balance? Round your answer to 2 decimal places; for example 2345.25.