Jennifer establishes an investment account to pay for college expenses for her daughter. She plans to invest X at the beginning of each month for the next 20 years. Beginning at the end of the 17 th year, she will withdraw 33,000 annually. The final withdrawal at the end of the 20th year will exhaust the account. She anticipates earning an annual effective yield of 5% on the investment. Calculate X. 276.80 307.70 317.60 346.20 349.10 QUESTION 6 A man turns 40 today and wishes to provide supplemental retirement income of 120 at the beginning of each month starting on his 60th birthday. Starting today, he makes monthly contributions of x to a fund for 20 years. The fund earns an annual nominal interest rate of 3% compounded monthly. On his 60th birthday, each 1000 of the fund will provide 9.1 of income at the beginning of each month starting immediately and continuing as long os he survives. calculate X. 40.10 55.50 67.20 75.20 79.80