What is the future value (at the end of 6 years) of an annuity that pays $5000 a quarter over 6 years with the payments invested at 8.3% per annum (assume compounding matches payment periods, common assumption for such problems)? (enter your answer in the following format 123456.78) Answer: 1 Check Jack and Jill need to save $8600 toward a new car. How long will it take them if they save $280 a month earning interest at 6.7% per year? (Treat as an ordinary annuity.) (State your answer in years rounded to the second decimal place, e.g., 12.34) Answer: 6.52 X Check