Question: 1. With how much money should a pay-out annuity begin to make payments of $15,806 each quarter for 3 years at an annual interest rate

1. With how much money should a pay-out annuity begin to

1. With how much money should a pay-out annuity begin to make payments of $15,806 each quarter for 3 years at an annual interest rate of 6.8% ? 2. How much is paid out each quarter over 30 years if an annuity starts with $330,000 and has a nominal interest rate of 6.1%

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