Please answer #1

& #2

1) Sun America recently offered an annuity that pays 6.35% compounded monthly. What equal monthly deposit should be made into this annuity in order to have $200,000 in 15 years? 2) If $1.000 is deposited at the end of each year for 5 years into an ordinary annuity earning 8.32% compounded anmally, find the balance at the end of last year. 1 mually on bis 24th birthday