PLEASE!

Consider an annuity that pays $$600$ per year for $14$ years, with the first payment starting a year later $)=(1.$ What is its future value $14$ years from now at an expected return of $11\%$ per year?

Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal $($e$.$g$.,$ for $$12,345\mathrm{.}67,$ type $12345\mathrm{.}67).$

$21,211\mathrm{.}04$

Question $8$

$5$ pts

Based on the Fisher equation, if expected inflation ${}^e=2\%$ and nominal rate $r_{\text{n}\text{o}\text{m}\text{i}\text{n}\text{a}\text{l}}=15\%,$ what would the real rate $r_{\text{r}\text{e}\text{a}\text{l}}$ be$?$

Note: Show your answer in units of percents, use plain numbers with at least two digits after the decimal $($e$.$g$.,$ for $12\mathrm{.}34\%,$ type $12\mathrm{.}34).$