years. If an annuity is set up for this purpose, how much must be invested now if the annuity earns 6,039, A company wants to have $20,000 at the beginning of each 6-month period for the next 4 compounded semiannually? () Decide whether the problem relates to an ordinary annuity or an annuity due ordinary annuity annuity due (b) Solve the problem. (Round your answer to the nearest cent) As a result of a court settlement, an accident victim is awarded $1.8 million. The attomey takes one-third of this amount, another third is used for immediate expenses, and the remaining third is used to set up an annuity. What amount will this annuity pay at the beginning of each quarter for the next 4 years if the annuity earns 7.8%, compounded quarterly? () Decide whether the problem relates to an ordinary annuity or an annuity due. ordinary annuity annuity due (6) Solve the problem. (Round your answer to the nearest cent.) An insurance settlement of $3 million must replace Trodde Eden's income for the next 45 years. What income will this settlement provide at the end of each month if it is invested in an annuty that earns 8.6%, compounded monthly? (a) Decide whether the problem relates to an ordinary annuity or an annuity due ordinary annuity annuity due (b) Solve the problem. (Round your answer to the nearest cent.) As the contestant with the longest winning streak in the history of Jeopardy, Ken Jennings won more than $2.5 million Suppose he invested $1.4 million in an ordinary annuity that came 7.2 compounded monthly. How much would he receive at the end of each month for the next 15 years? (a) Decide whether the problem relates to an ordinary annuity or an annuity due ordinary annuity annuity due (b) Solve the problem. (Round your answer to the nearest cent.)