1.With a present value of $135,000, 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 7.5%, compounded quarterly? (Round your answer to the nearest cent.)

2.Find the present value of an annuity of $5000 paid at the end of each 6-month period for 10 years if the interest rate is 6%, compounded semiannually. (Round your answer to the nearest cent.)