How much must we invest at the end of each month to build a balance of $450,000 over 14 years if we earn 8% per annum? (Round to nearest penny and enter, for example, as 123456.78) Answer: Check An insurance company is offering quarterly payments of $850 for the next 19 years in exchange for a one-time payment of $36,000 today. What is the per annum rate of return on this offer? (Round to nearest 100th of a percent and enter your answer as a percentage, for example, as 12.34) Answer: Check