A saver wants $100,000 after ten years and believes that it is possible to earn an annual rate of 8 percent on invested funds. What amount much be invested each year to accumulate $100,000 if (1) the payments are made at the beginning of each year or (2) if they are made at the end of each year? b) How much must be invested annually if the expected yield is only 5 percent? a. For payment made at the beginning of the year (an annuity due): For payments made at the end of the year (i.e., an ordinary annuity): b. For payments made at the beginning of the year (an annuity due): For the ordinary annuity (an ordinary annuity)