5) Your great aunt will put $150,000 into a bank while you are growing up. The money will grow at 6.9% interest for exactly n = 4 years. Then exactly one year later, (at n + 1) you start to withdraw the money in 5 annual equal withdrawals, depleting the account. How much can you withdraw to the nearest cent each year?

6) Christopher is getting a mortgage for a house and will borrow $700,000. For this mortgage, the amortized loan requires annual payments for 17 years at a 4.6% annual interest rate. How much of the first payment (to the nearest cent) is the interest owed for the first year of the loan?