Jill wants to set up a TDA (Tax deferred annuity) that will generate sufficient interest at maturity to meet her living expenses , which they…

Jill wants to set up a TDA (Tax deferred annuity) that will generate sufficient interest at maturity to meet her living expenses , which they projected to be $1,100.00 (round answer to the nearest cent)

a. find the amount needed at maturity to generate $1,100.00 per month interest , if she can get 7 1/4 compounded monthly.

b. find the monthly payment she would have to make into an ordinary

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