Question: 5. Five equal annual contributions are to be made to a fund, first deposit on December 31, 2019. Determine the equal contributions that, if invested

5. Five equal annual contributions are to be made to a fund, first deposit on December 31, 2019. Determine the equal contributions that, if invested at 10% compounded annually, will produce a fund of $30,000 on December 31, 2024. Round your answer to two decimal places. $ 6. Beginning on December 31, 2020, 6 equal annual withdrawals are to be made. Determine the equal annual withdrawals if $11,000 is invested at 10% interest compounded annually on December 31, 2019. Round your answer to two decimal places. $

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