Suppose that starting today, you make payments at the end of each monthly period for the next 20 years. The first payment is for 100, and each monthly payment is 1% larger than the previous payment. Using an nominal annual interest rate of 3% compounded monthly, find the present value (i.e. the value today) of these payments. Give your answer as a decimal rounded to two places (i.e. X.XX). Suppose that starting today, you make deposits at the beginning of each quarterly period for the next 40 years. The first deposit is for 400, but you decrease the size of each deposit by 1% from the previous deposit. Using an nominal annual interest rate of 8% compounded quarterly, find the future value (i.e. the value at the end of 40 years) of these deposits. Give your answer as a decimal rounded to two places (i.e. X.XX)