The following Investment requires a table factor for a period beyond the table. Calculate the new table factor and the present value $($pi Table $11-2.$ Round your new table factor to five decimal places and your present value to the nearest cent.

$\backslash$table$[[\backslash$table$[[$Compound$],[$Amount$]],\backslash$table$[[$Term of$],[$Investment $($years$)]],\backslash$table$[[$Nominal$],[$Rate $(\%)]],\backslash$table$[[$Interest$],[$Compounded$]],\backslash$table$[[$New Table$],[$Factor$]],\backslash$table$[[$Present$],[$Value$]]],[$$$34,000,38,7,$annually,$,$$