Find the present value PV of the annuity account necessary to fund the withdrawal given. HINT [See Quick Example 3.] (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) $2,400 per quarter for 10 years, if the account earns 6% per year PV = $
Find the periodic withdrawals PMT for the given annuity account. HINT [See Quick Example 4.] (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) $450,000 at 6%, paid out monthly for 17 years PMT = $