Find the amount needed to deposit into an account today that will yield pension payments of $50,000 at the end of each of the next 28 years if the account earns interest at a rate of 3.1%/yr compounded annually. (Round your answer to the nearest cent.) is the as person somente 10 a ne na teren alene met 2 years becau Submit Answer Carl is the beneficiary of a $28,000 trust fund set up for him by his grandparents. Under the terms of the trust, he is to receive equal installments from this fund at the end of each year over a 6-year period. If the fund earns interest at the rate of 10%/year compounded annually, what amount will he receive each year? Assume that the balance in the fund is zero after the last installment is received. (Round your answer to the nearest cent.)