4. [-/1 Points] DETAILS HARMATHAP12 6.4.019. MY NOTES ASK YOUR TEACHER What amount must be set aside now to generate payments of $60,000 at the beginning of each year for the next 12 years if money is worth 6.04%, compounded annually? (Round your answer to the nearest cent.) $ Need Help? Read it 5. [-/1 Points] DETAILS HARMATHAP12 6.4.021.MI. MY NOTES ASK YOUR TEACHER A year-end bonus of $26,000 will generate how much money at the beginning of each month for the next year, if it can be invested at 6.45%, compounded monthly? (Round your answer to the nearest cent.) $ Need Help? Read It Master It 6. [-12 Points] DETAILS HARMATHAP12 6.4.025. MY NOTES ASK YOUR TEACHER 41 years. If an annuity is set up for this purpose, how A company wants to have $60,000 at the beginning of each 6-month period for the next 4 much must be invested now if the annuity earns 6.96%, compounded semiannually? (a) Decide whether the problem relates to an ordinary annuity or an annuity due. O ordinary annuity O annuity due (b) Solve the problem. (Round your answer to the nearest cent.) $ Need Help? Read It