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1. You expect to have the given amount in an account with the given terms. Find how much you can withdraw periodically in order to make the account last the specified amount of time. Round your answer to the nearest cent. Account balance: $700,000. Interest rate: 3.6%. Frequency: monthly. Time: 19 years. Periodic Withdraw: ?

2. You want to be able to withdraw the specified amount periodically from a payout annuity with the given terms. Find how much the account needs to hold to make this possible. Round your answer to the nearest dollar. Regular withdrawal: $1800. Interest rate: 3.5%. Frequency: quarterly. Time: 23 years. Account balance = ?

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