1. Your grandparents would like to establish a trust fund that will pay you and your heirs $200,000 per year forever with the first payment 11 years from today. If the trust fund earns an annual return of 3.9 percent, how much must your grandparents deposit today?
$3,240,252.23
$3,497,920.33
$4,733,727.81
$4,273,504.27
$5,128,205.13
2. Your employer contributes $70 at the end of each week to your retirement account. The account will earn a weekly interest rate of .14 percent. How much will the account be worth when you retire in 35 years?
$548,742.11
$562,375.46
$534,960.81
$127,400.00
$587,937.98