11. You decide to put money into a savings account that returns 6% per year. Starting 2 months from today, you begin making withdrawals with your first withdrawal being $6000 per year and each withdrawal grows by 3%. Your last withdrawal is 6 years and 2 months from today. What is the value you must deposit today to make these withdrawals? What is the value of your 5th withdrawal?

12. You would like to accumulate $200,000 by five years and four months from today. You currently have $100,000 deposited today. Three months from today, you plan to make the first of a series of deposits into an account that pay an 8% interest rate. Each deposit will be 2% smaller than the previous one and your final deposit will occur four years and three months from today. Set up calculations needed to determine how large your fourth deposit needs to be to achieve your goal.