Question 2 (1 point) Determine the approximate size of the annual payment needed to retire $70,000,000 in bonds issued by a city to build a dam. The bonds must be repaid over a 50 year period and they earn an annual rate of 6%, compounded annaully. (Hint: 50 years may be taken as infinite) I $1,400,000 $350,000 $4,200,000 $140,000 Question 3 (1 point) Determine the amount of money required to generate an infinite number of annual payments of $5000 each if the interest rate is 10% per year, compounded continuously