Under the NBA deferred compensation plan, payments made at the end of each year accumulate up to retirement and then retirees are given two options. Option 1 allows the retiree to select the amount of the annual payment to be received, and option 2 allows the retiree to specify over how many years payments are to be received. Assume Hardaway has had $6,900 deposited at the end of each year for 30 years, and that the long-term interest rate has

Note: For all requirements, round your final answers to the nearest whole number. Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)

\begin{tabular}{|l|l|l|} \hline a. Balance in fund & & \\ \hline b. Withdrawl amount & & \\ \hline c. Receive Payments & & Years \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline a. Balance in fund & & \\ \hline b. Withdrawl amount & & \\ \hline c. Receive Payments & & Years \\ \hline \end{tabular}