1. Find the amount needed to deposit into an account today that will yield a typical pension payment of $30,000 at the end of each of the next 27 years for the given annual interest rate. (Round your answer to the nearest cent.) 8.3%

2a. Find the monthly payment needed to amortize a typical $125,000 mortgage loan amortized over 30 years at an annual interest rate of 3.1% compounded monthly. (Round your answers to the nearest cent.)

2b. Find the total interest paid on the loan.

1. [0/25 Points] DETAILS PREVIOUS ANSWERS TEAFM2 F.4.004. MY NOTES PRACTICE ANOTHER Find the amount needed to deposit into an account today that will yield a typical pension payment of $30,000 at the end of each of the next 27 years for the given annual interest rate. (Round your answer to the nearest cent.) 8.3% $ 328394.41 X Additional Materials eBook 2. [0/25 Points] DETAILS PREVIOUS ANSWERS TEAFM2 F.4.014. MY NOTES PRACTICE ANOTHER Find the monthly payment needed to amortize a typical $125,000 mortgage loan amortized over 30 years at an annual interest rate of 3.1% compounded monthly. (Round your answers to the nearest cent.) $ 533.5 X Find the total interest paid on the loan. $ Additional Materials eBook