Question: please help solve exercise 8,9 using Theory of interests formula (explain please) 8.-/1 points You will retire in 30 years. At the beginning of each

 please help solve exercise 8,9 using Theory of interests formula (explain

please help solve exercise 8,9

using Theory of interests formula (explain please)

8.-/1 points You will retire in 30 years. At the beginning of each month until you retire, you will invest X earning interest at 8% convertible monthly. Starting at year 30, you will withdraw $3,300 at the beginning of each month for the next 15 years. Also, starting at year 30, your fund will only earn interest at 6% convertible monthly. Find X such that your account will be empty after the last withdrawal. Answer = $ (round your answer to 2 decimal places.) 9.-/1 points Find the present value of payments of $200 every six months starting immediately and continuing through four years from the present, and $100 every six months thereafter through ten years from the present, if ;(2) = 0.1. Answer = $ (round your answer to 2 decimal places.)

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