1. What is the future value of a 16-year ordinary annuity with annual payments of $64,000, evaluated at a 8.0 percent interest rate? Round it to two decimal places, and do not include the $ sign, e.g., 123456.54.
2. Mary Ott is going to borrow $7,300 for 90 days and pay $221 interest. What is the effective rate of interest if the loan is discounted? (***Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)