(5) Matt inherited as a trust a fifteen-year annuity-immediate with annual payments. He has been told that the annuity payments earn compound interest at a level rate and that at the end of fifteen years, their accumulated value will be $37,804.39. He has further been assured that figured at this same rate of interest, the value of his inheritance was $15,077.10. The trust executor will not reveal the amount of the annual payments. Determine this amount and also the annual effective interest rate earned by the annuity payments.

Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e.g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)