1. You have a trust fund of $72,970. It is invested today in an account that pays 6.81% compounded annually. You plan to withdraw the funds in two equal payments starting in 5 years. What is the size of each payment?

2. You take out a loan today for $3,653. The interest on the loan is 3.56% compounded annually. You will repay the loan in two equal yearly payments starting in year 6 . How big are the payments?

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