within 5 years. (a) If the effective annual rate is 3.96%, compute the annual payment. (b) Compute the effective annual interest rate if the annual payment is 3500 . (4) Molly wants to set up a college fund for her child. She would like to accumulate 150,000 at the end of 18 years. Molly makes equal payments at the beginning of each year into a fund that pays an annual effective interest rate of 3%. Calculate the annual payment. (5) Josh wants to accumulate 100,000 at the end of 20 years. Josh makes payments at the end of each years. During the first 5 years, Josh makes annual payments of 2000 . During the next 5 years, Josh makes annual payments of 5000 . The annual payments during the last