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Hello, please help me solve these questions. I need help. I'm getting confused with the PV and FV. Please explain the steps. Question 7 1

Hello, please help me solve these questions. I need help. I'm getting confused with the PV and FV. Please explain the steps.

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Question 7 1 pts Foutz Corporation has entered into a 8 year lease for a piece of equipment. The annual payment under the lease will be $3,600, with payments being made at the beginning of each year. If the discount rate is 17%, the present value of the lease payments is closest to: (Round to nearest dollar) - Question 8 1 pts You have deposited $8,800 in a special account that has a guaranteed interest rate of 20% per year. If you are willing to completely exhaust the account, what is the maximum amount that you could withdraw at the end of each of the next 7 years? Round your answer to the nearest dollar

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