4-152. The best way to break the 100,000 mile mark for your car is to schedule regular oil and filter changes. Annual savings are estimated to be $6,000 over the 15-year life of your car. If interest is 8% per year compounded continuously, what is the future equivalent value of your savings? (4.16)

$162,913

$90,000

$165,107

$167,141

4-153. Start saving early! Put $100 per month into an account with a 7% annual interest rate. Assume monthly compounding. If you are now 27 years old, how much will this account be worth when you are age 67? (4.7)

$240,000

$281,000

$262,000

$277,000