1. Connie wants to have an annuity payment of $2,000 at the END of every three months. How much should she deposit now at 6% interest, compounded quarterly, to yield this payment for 3 years?

A) $21,815.02

B) $20,786.85

C) $21,577.10

D) $22,783.26

2. Your Office Supply has a $42,500 line of credit that charges an annual percentage rate of prime rate plus 3%. Their starting balance on March 1 was $10,600. On March 5, they borrowed $7,500. On March 14, the business made a payment of $3,300, and on March 18, they borrowed $5,300. If the current prime rate is 9%, what is the new balance?

A)		$26,100.00
B)		$20,276.10
C)		$27,583.43
D)		$18,400.29