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1. Your health insurance requires a copay of $35 each time you see your doctor. You have already met your $2000 deductible for the year,

1. Your health insurance requires a copay of $35 each time you see your doctor. You have already met your $2000 deductible for the year, but you are far below your out-of-pocket maximum payment of $2500 for the year. Your doctor charges patients without insurance $100 per visit. How much must you pay for your visit to the doctor in this situation?

2. You are 65 years old and about to retire. You have $100,000 saved in a retirement account and would like to withdraw it in equal annual amounts so that nothing is left after 11 years. How much can you withdraw each year if the account earns 6% interest each year?

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