1 - How much would you have to pay into an account at the beginning of every sixmonths to accumulate $11,800.00 in 11 years, if interest is 4% compounded quarterly?

The payments would have to be $____ ?

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places asneeded.)

2- Mr. Clark makes a deposit at the beginning of every year into a savings account that earns interest at 6.8% compounded annually. He saves for six years, then converts his savings into an annuity that pays him $3,250 at the beginning of every year for three years. What is the size of the deposit he makes while he issaving?

The size of the deposit is $____ ?

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places asneeded.)

3- Rayna has saved $81,500.00. If she decides to withdraw $2,911.00 at the beginning of every sixmonths and interest is 3.83% compounded quarterly, for how long can she makewithdrawals? Express your answer in years and months(from 0 to 11months).

Her last withdrawal will occur _____ year(s) and _____ month(s) from now.

(Type wholenumbers)