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Dr$.$ Bonafini

Question $1$

$1$ pts

Find the present value annuity factor for a $11-$year annuity whose annual rate is $7\mathrm{.}4\%$ with monthly compounding.

Round your answer to the nearest thousandth place $(3$ digits after the decimal point$).$

Question $2$

Find the present value annuity factor for a $13-$year annuity whose annual rate is $8\%$ with daily compounding.

Round your answer to the nearest thousandth place $(3$ digits after the decimal point$).$