Find the present value of an ordinary annuity with payments of

​$21,261 quarterly

for

6

years at

7.6​%

compounded

 quarterly.

How much will an account have if $5,000 is deposited at a) 8. 3% compounded quarterly for 5 years? 2.55% compounded monthly for 8 years? c) 1.8% compounded semi-annually for 6 months?

Meg's pension plan is an annuity with a guaranteed return of 6% per year (compounded quarterly). She would like to retire with a pension of $40,000 per quarter for 5 years. If she works 25 years before retiring, how much money must she and her employer deposit each quarter?