You currently have $90,000 in one of your bank accounts where you earn a 6% interest. This dollar amount has accumulated from the deposits that you have been making at the beginning of each year for the last 12 years.

Part 1. Calculate the dollar amount of each deposit if youve been consuming your interest, in other words, each year youve been withdrawing the accumulated interest and spending it. For these calculations, you would need to put the following in your financial calculator:

90000		Type PV, FV, PMT, N, or I/Y
	I/Y	Type numeric value as a whole number, no decimals
	N	Type numeric value as a whole number, no decimals
Compute		Type PV, FV, PMT, N, or I/Y
Is this an ordinary annuity?		Type yes or no or either one

The numerical answer is . Round your answer to whole number, and don't use the "$" sign.

Part 2. Calculate the dollar amount of each deposit if instead each year you've been keeping all accumulated money in the bank account without spending any. For these calculations, you would need to put the following in your financial calculator:

90000		Type PV, FV, PMT, N, or I/Y
	I/Y	Type numeric value as a whole number, no decimals
	N	Type numeric value as a whole number, no decimals
Compute		Type PV, FV, PMT, N, or I/Y
Is this an ordinary annuity?		Type yes or no or either one

The numerical answer is . Round your answer to whole number, and don't use the "$" sign.