Answer both questions:

(i)develop the timeline for the problem

(ii)Identify the time value of money variable that needs to be solved calculated: Present Value (PV)

(iii) Values of the remaining variables:

(iv) Calculation: using the inputs in steps used in (iii)

(round your answer to two decimal places)? 8) Your company has received a $40,170 loan from an industrial finance company. The annual payments are $5,405.80. If the company is paying 8.275% interest per year, how many loan payments must the company make (round your answer to two decimal places)? 9) You are ready to retire. A glance at your 403B statement indicates that you have $830,000. If the funds remain in an account earning 7%, how much could you withdraw at the beginning of each year for the next 20 years before the balance is zero (round your answer to two decimal places)