A man aged 45 (you may assume he just turned 45) will put $2000 into a fund at the end of each quarter for the next 20 years. The fund is credited with a nominal rate of 6.00% compounded quarterly, Starting at age 65 he will receive a monthly annuity at the end of each month for thenext 20 years. During this time the fund will earn 6.00% compounded annually. Assuming that the annuity payments exhaust the fund, what is the monthly amount of his annuity? Matthew and Adeline each receive an annuity which is payable over a period of 10 years. Matthew's annuity is 1000 per year, payable continuously, with -.07 Adeline's annuity is 1000 per year, payable quarterly, where the effective annual rate i = .07 Find the difference in the present value of their two annuities