1) You own a classic car that is currently valued at $64,000. If the value increases by 2.5 percent annually, how much will the car be worth 15 years from now?

A.$94,035.00

B.$86,008.17

C.$80,013.38

D.$92,691.08

E.$91,480.18

2) Marie needs $26,000 as a down payment for a house 4 years from now. She earns 5.25 percent on her savings. Marie can either deposit one lump sum today for this purpose or she can wait a year and deposit a lump sum. How much additional money must Marie deposit if she waits for one year rather than making the deposit today?

A.$878.98

B.$911.13

C.$1,112.36

D.$1,348.03

E.$1,420.18