Question: -/0.9 POINTS 0/6 Submissions Used MY NOTES Find the amount needed to deposit into an account today that will yield pension payments of $30,000 at

-/0.9 POINTS 0/6 Submissions Used MY NOTES Find
-/0.9 POINTS 0/6 Submissions Used MY NOTES Find the amount needed to deposit into an account today that will yield pension payments of $30,000 at the end of each of the next 20 years if the account earns interest at a rate of 5.1%/yr compounded annually. (Round your answer to the nearest cent.) $ 2. -/0.9 POINTS 0/6 Submissions Used MY NOTES Carl is the beneficiary of a $20,000 trust fund set up for him by his grandparents. Under the terms of the trust, he is to receive equal installments from this fund at the end of each year over an 8-year period. If the fund earns interest at the rate of 9%/year compounded annually, what amount will he receive each year? Assume that the balance in the fund is zero after the last installment is received. (Round your answer to the nearest cent.) $

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