USING A Financial Calculator ONLY Input the Numbers

N = I = PV = PMT = FV =

1) What's the present value of a 10-year ordinary annuity of $12,250 per year plus an additional $5,000 at the end of Year 10 if the interest rate is 8%?

2) You just inherited some money, and a broker offers to sell you an annuity that pays $50,000 at the end of each year for 15 years. You could earn 8.25% on your money in other investments with equal risk. What is the most you should pay for the annuity

3) Your aunt has $3,175,000 and wants to retire. She expects to live for another 25 years and to earn 4.25% annually on her invested funds. How much could she withdraw quarterly for the next 25 years and end up with zero in the account?