Your rich uncle has just given you a high school graduation present of $1,300,000. The present, however, is in the form of a 34-year bond with an annual interest rate of 7.8% compounded annually. The bond says that it will be worth $1,300,000 in 34 years. What is this gift worth at the present time? (Round your answer to the nearest cent.) Additional Materials eBook [-/14.28 Points] DETAILS TEAFM2 F.2.020. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Your rich aunt gives you a high school graduation present of $160,000. Her present is in the form of an 8-year bond with an annual interest rate of 4.4% (compounded annually). The bond says that it will be worth $160,000 in 8 years. What is this gift worth at the present time? (Round your answer to the nearest cent.)