1. Find the payment made by the ordinary annuity with the given present value. $290,765; quarterly payments for 26 years; interest rate is 6%, compounded quarterly The payment is $_______________________

2. Find the payment made by the ordinary annuity with the given present value. $89,849; monthly payments for 19 years; interest rate is 4%, compounded monthly The payment is $_______________________

3. Find the amount necessary to fund the given withdrawals. Monthly withdrawals of $550 for 5 years; interest rate is 4.8% compounded monthly. The amount necessary to fund the given withdrawals is $_______________________

4. To save for retirement, Karla put $600 each month into an ordinary annuity for 15 years. Interest was compounded monthly. At the end of the 15 years, the annuity was worth $171,839. What annual interest rate did she receive? The interest rate she received was approximately ____________%

5. Ingrid wants to buy a $15,000 car in 6years. How much money must she deposit at the end of each quarter in an account paying 5.9% compounded quarterly so that she will have enough to pay for her car? How much money must she deposit at the end of each quarter?$_________________