please show steps for both

1. You are considering a security that will pay $7,000 in 8 years. If the interest rate is 2.75% per year, what should you pay today for the security? [ Answer =5,634.34] 2. Alicia is 25 years old, and she has decided it is time to plan for her retirement. At the end of each year until she is 65 , she will save $6,000 in a retirement account. If the account eams 6.5% per year, how much will Alicia have at age 65 ? [Answer =1,053,791]