By the time you retire you have saved $875,000. You are contemplating putting the money into an annuity that makes monthly payments. What will be your payment if the interest rate is set at 3.85% APR and the annuity makes monthly payments for the next 30 years? . You would like to invest money into an. annuity so that when you retire you will receive a monthly payment. You plan to retire when you turn 75. You hope to live until you turn 100. Given an interest rate of 3.25% APR, how much money will your monthly payment be if at age 75 you invested $1,250,000? 3. You receive aIsettlement that pays $2,000,000 today, or you could receive a PMT each year for the next 20 years. if your assumed interest rate is 5% APR (meaning you could invest the money somewhere else for 5%) what does the annual payment have to be in order to be same as receiving the $2,000,000 today? 4. You borrow money from a bank to purchase a tractor. You borrow $125,000 for 6 years, making annual payments at an interest rate of 3.75% APR. What is your annual payment