Starting on his 40th birthday, a man deposits $300 a year in an investment fund earning i = 8.5% per annum effective. He makes his last deposit on his 64th birthday. His fund's balance immediately after his last deposit is $23,600 to the nearest dollar. Find the balance to the nearest cent. Number On his 64th birthday he transfers his total funds to an insurance company who will pay him Y a year for 15 years (first payment on his 64th birthday). If the insurance company prices its annuities assuming i = 5.5% per annum effective, then Y rounded to the nearest dollar is $2,229. Find Y to the nearest cent. Number