Find the present value of an annuity due that pays $4000 at the beginning of each quarter for the next 5 years. Assume that money is worth 6.2%, compounded quarterly. (Round your answer to the nearest cent.)

If $90,000 is invested in an annuity that earns 5.4%, compounded quarterly, what payments will it provide at the end of each quarter for the next 7 1/2 years? (Round your answer to the nearest cent.)

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