1. If you make the following payments to your saving account, how much will you have in 8 years?

   Initial payment $40,000

   Extra annual payment $ 6,000

   Interest rate 5%

   		A. $ 96,393
   		B. $106,393
   		C. $116,393
   		D. $126,393

2. What is correct about the times interest earned ratio?

   I. It is also called the coverage ratio

   II. It shows the ability to cover the operating expenses

   III. It shows the ability to pay interest expense with the operating result

   		A. I and II only
   		B. II and III only
   		C. I and III only
   		D. I, II and III