Lab #7 Close Date: Sun, Jul 11, 2021, 11:59 PM Due In: 1 day 2 hours Question 5 of 7 A college plans to set up an endowment fund that will provide a scholarship of $2,500 at the end of every quarter, in perpetuity. How much should the college invest in the fund, if the fund earns 4.50% compounded quarterly? Round to the nearest cent E SAVE SUBMIT ASSIGNMENT Lab #7 Close Date: Sun, Jul 11, 2021, 11:59 PM Due In: 1 day 2 hours Question 4 of 7 Jordan invested his savings in a bank at 5.00% compounded quarterly. How much money did he invest to enable withdrawals of $3,500 at the beginning of every 6 months from the investment for 8 years, if the first withdrawal is to be made in 11 years? Round to the nearest cent 1 SAVE SUBMIT ASSIGNMENT Lab #7 Close Date: Sun, Jul 11, 2021, 11:59 PM Due In: 1 day 2 hours Question 2 of 7 Michelle purchased an annuity that had an interest rate of 3.75% compounded semi- annually. It provided him with payments of $2,500 at the end of every month for 6 years. If the first withdrawal is to be made in 5 years and 1 month, how much did he pay for it? Round to the nearest cent SAVE SUBMIT ASSIGNMENT