1. You would like to have $49402 in 16 years. If the rate is 9.07%, how much do you invest monthly?

2. Your grandfather has an annuity that is worth $89764 today. It will give him monthly payments for 21 years. If the rate is 4.04%, what will be his monthly payment?

3. Your mother has an annuity that will give her monthly payments for 6 years. She tells you it is worth $134859 today. If her required return is 11.04%, what is the monthly payment?

Please double-check your work and answer just these three!