QUESTION 1: Lauren deposited $10,000 today. He plans to withdraw $500 every six months. For how long can she withdraw from the account starting 6 months from now if interest is 9.6% compounded semi-annually? State your answer in years and months (from 0 to 11 months).

She can make withdrawals for ............. year(s) and ............. month(s).

QUESTION 2: Find the term of the following ordinary general annuity. State your answer in years and months (from 0 to 11 months).

Future Value	Periodic Payment	Payment Interval	Interest Rate	Compounding Period
$19,000	$760	1 year	10.4%	semi-annually

The term of the annuity is ............. year(s) and ............ month(s).