What is the future value of a 12-year ordinary annuity with annual payments of $483 if the appropriate rate for the calculations is 13%? Assume that the first period of the annuity begins one year from today.

Report your answers in dollars and cents.

If the one year real risk free rate of interest is 1.05% and the expected inflation rate for the upcoming year is 4.6%, what interest rate would you expect on a one year Treasury bill in ordinary market conditions?

Report your answer in percent rounded to 1 decimal place. (Example: .1234 should be entered as "12.3".)