5.

You have a trust fund of $79,381. It is invested today in an account that pays 5.18% compounded annually. You plan to withdraw the funds in two equal payments starting in 5 years. What is the size of each payment? (hint: present value two times)

6.

You take out a loan today for $4,993. The interest on the loan is 4.69% compounded annually. You will repay the loan in two equal yearly payments starting in year 7 .

How big are the payments? (hint: present value, two times)