Lia wants to accumulate $80,000 to use for an around the world trip. She plans to accumulate the desire amount by deposits $11,000 annual year end payments into an account at the bank which pays 5% interest, compounded annually. Compute the account balance at the end of the sixth year. Compute the amount of each payments that Lia must make at the end of each of the six years to accumulate the $80,000.