32-1) You are going to withdraw $1,000 at the end of each year for the next three years from an account that pays interest at a rate of 8% compounded annually. How much must there be in the account today in order for the account to reduce to a balance of a zero after the last withdrawl? (Shown works)

32-2) You are considering investing $750 in a 10-year annuity. The rate of return you require is 6.5%. What annual cash flow from the annuity will provide the required return? (Shown works)