An investment is expected to earn you $2,000 each quarter for the next 12 years. If the appropriate discount rate is 8.9%, how much is this investment worth today Round to the nearest cent.

Youd like to buy a small ranch when you retire in 32 years. You estimate that in 32 years youll need $13 million to do so. If your savings can earn 0.9% per month, how much will you need to save each month (for 32 years), starting next month, in order to reach your goal? Round to the nearest cent.