1. With a present value of $125,000, what is the size of the withdrawals that can be made at the end of each quarter for the next 10 years if money is worth 7.6%, compounded quarterly? (Round your answer to the nearest cent.)?

2. A personal account earmarked as a retirement supplement contains $242,100. Suppose $200,000 is used to establish an annuity that earns 7%, compounded quarterly, and pays $4500 at the end of each quarter. How long will it be until the account balance is $0? (Round your answer UP to the nearest quarter.)

3. Suppose an individual makes an initial investment of $2,600 in an account that earns 8.4%, compounded monthly, and makes additional contributions of $100 at the end of each month for a period of 12 years. After these 12 years, this individual wants to make withdrawals at the end of each month for the next 5 years (so that the account balance will be reduced to $0). (Round your answers to the nearest cent.)

(a) How much is in the account after the last deposit is made? $ (b) How much was deposited? $ (c) What is the amount of each withdrawal? $ (d) What is the total amount withdrawn? $