1. Your local travel agent is advertising an extravagant global vacation. The package deal requires that you pay $5,000 today, $15,000 one year from today, and a final payment of $25,000 on the day you leave two years from today. What is the cost of this vacation in today's dollars if the discount rate is 6%? A. $39,057.41 B. $41,400.85 C. $43,082.39 D. $44,414.14 E. $46,518.00

2. One year ago, the Jenkins Family Fun Center deposited $3,600 in an investment account for the purpose of buying new equipment four years from today. Today, it is adding another $5,000 to this account. It plans on making a final deposit of $7,500 to the account next year. How much will be available when it is ready to buy the equipment, assuming it earns a 7% rate of return? A. $18,159.65 B. $19,430.84 C. $19,683.25 D. $20,194.54 E. $20,790.99

*provide all steps and formula please **