Here is a question that many soon to be retirees are asking because this can be better than putting our money in a bank account: We are thinking about retiring. We have 250000 (250 thousand dollars) saved up. We can purchase an annuity that pays us annually at the end of each year for 20 years at 4% per annum (per year: the APR). How much will our annual payments be? (TWO decimal places, NO commas, NO dollar signs ($))

Continuing from Question 1: What is the future value of our $250000 if we get one future payment after 20 years? (TWO decimal places, NO commas, NO dollar signs ($))

What is the Present Value of the Future Value that we computed in Question 2? (TWO decimal places, NO commas, NO dollar signs ($))