please answer both thank you!!

Question 11: On your first birthday, your dear old Auntie Emmy promised to deposit $500 into a savings account bearing a 3% compounded annual rate on each birthday, beginning with your second. You have just turned 21 and want the money. How much is in the account right now? (1 Point) $15 270 $14 338 $13,435 $12,558 O $11.707 Question 12: You just settled an insurance claim. The first payment of $20,000 will be paid one year from today, and the following payments will increase by 8 percent annually over a 6-year period. If you can earn 6.5 percent on your investments, what is the value today of this settlement? (1 Point) $96,579 $107,324 $116,719 $128,505 Cannot be calculated from the information given