3) You won $100,000 in a lottery and immediately put it into your investment account earning 7% compounded monthly. From this account, you will withdraw an amount at the end of the month over 20 years until the account it totally empty. How large can those monthly withdrawals (payments) be? (3 marks-Ch 11)

4) For how many years must $1,000 end-of-month deposits continue for to accumulate (or grow) to a future value of $250,000 with an interest rate of 17% compounded annually? (3 marks-Ch12)

5) $1,000 beginning of the quarter deposits will be made into an account for 19 years and 6 months. What was the interest rate compounded semi-annually associated with the account if there was $183,610.23 in the account at the end of the 19 years?

(3 marks-Ch13.2)