A winner of the multi-state lotto won a one-time payout and decided to invest part of it into an annuity. If the winner invests $9,500,000.00 into a 30 year annuity that pays 3.1 %, compounded monthly and makes each month payments. What is the amount of each month payments? The payment would be $ (Round to 2 decimal places.)

An insurance settlement of $3 million must replace Trixie Eden's income for the next 30 years. What income will this settlement provide at the end of each month if it is invested in an annuity that earns 8.1%, compounded monthly? (a) Decide whether the problem relates to an ordinary annuity or an annuity due. ordinary annuityannuity due     (b) Solve the problem. (Round your answer to the nearest cent.) $

please show the step by step solution. Do not skips steps. Explain your steps Please write on paper

You would like to have ​$53,000 in 13 years. To accumulate this​ amount, you plan to deposit an equal sum in the bank each year that will earn 6 percent interest compounded annually. Your first payment will be made at the end of the year.   a.  How much must you deposit annually to accumulate this​ amount? b.  If you decide to make a large​ lump-sum deposit today instead of the annual​ deposits, how large should this​ lump-sum deposit​ be? ​ (Assume you can earn 6 percent on this​ deposit.) c.  At the end of five​ years, you will receive ​$20,000 and deposit this in the bank toward your goal of ​$53,000 at the end of year 13. In addition to the​ lump-sum deposit, how much must you deposit in equal annual​ amounts, beginning in year 1 to reach your​ goal? ​ (Again, assume you can earn 6 percent on your​ deposits.)