Cassandra Dawson wants to save for a trip to Australia. She will need $13,000 four years from now. She will invest a certain amount each year (total of 4 payments) in a bank account, starting from today. If the bank pays her 6% interest annually, how much will she have to invest each year to reach her target? (Round to the nearest dollar) $2,538 $2,588 $2,611 $2,803 David Stephens has made an investment that will pay him $11,455,$16,376, and $19,812 at the end of the next three years. His investment was to offer a return of 16 percent. What is the present value of these cash flows? (Round to the nearest dollar.) $33,421 $34,738 $35,370 $36,249