1. You need to have $24,756 available at the end of 8 years. How much to do you have invest each year, starting at the end of this year, for 8 years to achieve this goal? (Enter your answer as a positive number rounded to 2 decimal places.)

2. For each of the following annuities, calculate the annual cash flow. (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).): Cash Flow Present Value Interest Rate Years $ $ 36,800 11 % 6 $ 27,500 7 8 $ 145,000 8 15 $