1) Alexis plans to invest $2,500 a year for 30 years starting at the end of this year. How much will this investment be worth at the end of the 30 years if she earns an average annual rate of return of 6.9 percent?

A) $230,743.00 B) $233,962.00 C) $231,945.00 D) $233,910.00 E) $222,705.00

2) Uptown Insurance offers an annuity due with semiannual payments for 50 years at 3 percent interest. The annuity costs $200,000 today. What is the amount of each annuity payment?

A) $3,388.00 B) $3,497.00 C) $3,874.00 D) $3,850.00 E) $3,199.00