Find the amount accumulated FV in the sinking fund. Hint [See Example 1.] (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $3,000 is deposited quarterly for 20 years at 2% per year

FV =

Find the present value PV of the annuity necessary to fund the withdrawal given. HINT [See Example 3.] (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.)

$2,400 per quarter for 10 years, if the annuity earns 6% per year

PV =