.Please write out your work and no screen shots of excel

Your grandmother will be gifting you $400 at the end of each quarter for four years while you attend college. At a discount rate of 2.5 percent compounded quarterly, what are these payments worth to you on the day you graduate from college?

. Your great aunt left you an inheritance in the form of a trust. The trust agreement states that you are to receive the first payment of $2,500 on the last day of this year, and the payment will continue for 20 years. What is the value of this inheritance today if the applicable discount rate is 4.75 percent? Assume annual compounding.