1. Your aunt wants to retire and has $400,000. She expects to live for another 30 years and to earn 5.5% on her invested funds. How much could she withdraw at the end of each of the next 30 years and end up with zero in the account? (Round your answer to 2 decimal places.)

2. Your uncle just won the lottery, receiving $450,000, which he invested at a 9% annual rate. He now has decided to retire, and he wants to withdraw $45,000 at the end of each year, starting at the end of this year. What is the maximum number of whole payments that can be withdrawn before the account is exhausted, i.e., before the account balance would become negative? (Hint: Round down to the nearest whole number.)