Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.)

1) $20,000 in a fund paying 6% per year, with monthly payments for 10 years

PMT = $

2) $50,000 in a fund paying 5% per year, with monthly payments for 5 years, if the fund contains $10,000 at the start

PMT = $