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A University is offering a charitable gift program. A former student who is now 50 years old is consider the following offer: The student can invest $9,100.00 today and then will be paid a 8.00% APR return starting on his 65th birthday (i.e For a $10,000 investment, a 9% rate would mean $900 per year). The program will pay the cash flow for this investment while you are still alive. You anticipate living 21.00 more years after your 65th birthday. The former student wants a return of 6.00% on his investments, but would like to consider this opportunity. Using the student's desired return, what is the value of this deferred annuity today on his 50th birthday? Submit Answer format: Currency: Round to: 2 decimal places. After graduating from college with a bachelor of business administration, you begin an ambitious plan to retire in 27.00 years. To build up your retirement fund, you will make quarterly payments into a mutual fund that on average will pay 11.12% APR compounded quarterly. To get you started, a relative gives you a graduation gift of $2,865.00. Once retired, you plan on moving your investment to a money market fund that will pay 6.48% APR with monthly compounding. As a young retiree, you believe you will live for 30.00 more years and will make monthly withdrawals of $10,708.00. (YOUR WITHDRAWALS ARE AT THE BEGINNING OF THE MONTH!!!!) To meet your retirement needs, what quarterly payment should you make? Submit Answer format: Currency: Round to: 2 decimal places