1. A firm has committed to pay an employee $2,500 per year at the end of each retirement years. The employee is expected to retire 15 years from today and begin drawing the first of8 retirement checks of $2,500 e year after retirement. The firm has chosen to fund the commitment by investing an equal annual amount funding would occur on the employee's retirement date. If the fund can earn 1200, what is the required annual funding amount? (a) S536. (b) S5,016. (c) $1,823. (d) 333. beginning one year from today. The last For your birthday (today), your aunt has just given you $55,000 on the condition that you invest the gift at 6%, and withdraw it in amounts of$4,000 (except for the last withdrawal) beginning one year from today. What is the amount of the last withdrawal? (a) S 637. (b) $3,652 (c) 751 (d) $2,000. 2. 3. Your rich uncle has just given you $800,000 for being so nice. But you are also lazy. He didn't know that. Assuming you can earn 8%, for how many years can you receive $75,000 (first payment one year from now), to avoid having to work, if you immediately invest your gift? Round your answer down to the nearest year. (a) 10. (b) 24 (c) 30. (d) 8