A. Suppose an annuity will pay $13,000 at the beginning of each year for the next 9 years. How much money is needed to start this annuity if it earns 6.5%, compounded annually?

(Round your answer to the nearest cent.)

B. Find the present value of an annuity of $3000 per year at the end of each of 10 years after being deferred for 5 years, if money is worth 7% compounded annually.

(Round your answer to the nearest cent.)

C. As a result of a court settlement, an accident victim is awarded $2.1 million. The attorney takes one-third of this amount, another third is used for immediate expenses, and the remaining third is used to set up an annuity. What amount will this annuity pay at the beginning of each quarter for the next 6 years if the annuity earns 7.1%, compounded quarterly?