In the following ordinary annuity, the interest is compounded with each payment, and the payment

In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period.

Find the required payment for the sinking fund. (Round your answer to the nearest cent.)
Monthly deposits earning 5% to accumulate $9000 after 10 years.
Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.)
$26,000 after 6 years at 3% if the interest is compounded in the following ways.
(a) annually
$

(b) quarterly
In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period.

An individual retirement account, or IRA, earns tax-deferred interest and allows the owner to invest up to $5000 each year. Joe and Jill both will make IRA deposits for 30 years (from age 35 to 65) into stock mutual funds yielding 9.8%. Joe deposits $5000 once each year, while Jill has $96.15 (which is 5000/52) withheld from her weekly paycheck and deposited automatically. How much will each have at age 65? (Round your answer to the nearest cent.)

Joe		$
Jill		$