Darla White has just purchased an annuity to begin payment at the end of 2019 (that is the date of the first payment). Assume it is now the beginning of 2016. The annuity is for $29,000 per year and is designed to last 7 years. If the interest rate for this problem is 13 percent, what is the most she should have paid for the annuity? (Use a Financial calculator to arrive at the answer. Round the intermediate and the final answer to the nearest whole dollar.) Annuity paid $ Check my wo Your younger sister, Barbara, will start college in five years. She has just informed your parents that she wants to go to Eastern University, which will cost $46,000 per year for four years (assumed to come at the end of each year). Anticipating Barbara's ambitions, your parents started investing $6,600 per year five years ago and will continue to do so for five more years. Use 12 percent as the appropriate interest rate throughout this problem (for discounting or compounding) How much more will your parents have to invest each year for the next five years to have the necessary funds for Barbara's education? (Use a Financial calculator to arrive at the answer. Do not round intermediate calculations. Round the final answer to the nearest whole dollar.) Investment each year $