2. Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the given conditions. (Round your answer to the nearest cent.)

FV = $2,100,000, r = 5.5%, compounded semiannually for 30 years

3. An individual earns an extra $2000 each year and places this money at the end of each year into an Individual Retirement Account (IRA) in which both the original earnings and the interest in the account are not subject to taxation. If the account has an annual interest rate of 7.3% compounded annually, how much is in the account at the end of 50 years? (Round your answer to the nearest cent.)

2. (-/33.33 Points) DETAILS TEAFM2 F.3.016. MY NOTES PRACTICE ANOTHER Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the given conditions. (Round your answer to the nearest cent.) FV = $2,100,000, r = 5.5%, compounded semiannually for 30 years Additional Materials eBook 3. [-/33.34 Points] DETAILS TEAFM2 F.3.018. MY NOTES PRACTICE ANOTHER An individual earns an extra $2000 each year and places this money at the end of each year into an Individual Retirement Account (IRA) in which both the original earnings and the interest in the account are not subject to taxation. If the account has an annual interest rate of 7.3% compounded annually, how much is in the account at the end of 50 years? (Round your answer to the nearest cent.) $ Additional Materials eBook