#1. Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.)

$400 is deposited monthly for 10 years at 5% per year in an account containing $6,000 at the start

FV = $______

#2.

Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. HINT [See Quick Example 2.] (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.)

$80,000 in a fund paying 6% per year, with monthly payments for 5 years

PMT = $ _____