1) Determine the periodic paymentsPMTon the given loan or mortgage. HINT [See Example 5.] (Round your answer to the nearest cent.)

$200,000borrowed at3% for10years, with quarterly payments

PMT= $____________

2) Determine the periodic payments on the given mortgage. HINT [See Example 5.] (Round your answer to the nearest cent.)

a $1,000,000,35-year,5.1% mortgage with monthly payments

$_____________

3) Meg's pension plan is an annuity with a guaranteed return of6%per year (compounded quarterly). She would like to retire with a pension of$10,000per quarter for5years. If she works21years before retiring, how much money must she and her employer deposit each quarter? HINT [See Example 5.] (Round your answer to the nearest cent.)

$__________

4) Jennifer's pension plan is an annuity with a guaranteed return of5% per year (compounded monthly). She can afford to put $300 per month into the fund, and she will work for35yearsbefore retiring. If her pension is then paid out monthly based on a30-yearpayout, how much will she receive per month? (Round your answer to the nearest cent.)

$___________