Find the present value the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $8500 at 7% compounded quarterly for 5 years The present value is $ (Do not round until the final answer. Then round to the nearest cent as needed.) Find the payment necessary to amortize the following loan. $7200; 8.2% compounded semiannually; 36 semiannual payments The payment is $(Round to the nearest cent as needed.)