If you put up $34,000 today in exchange for a 9.25 percent, 19-year annuity, what will the annual cash flow be?

$4,132.11

$8,075.75

$3,604.25

$1,789.47

$3,864.61

What is the future value of $400 in 20 years assuming an interest rate of 7 percent compounded semiannually?

$495.01

$1,504.52

$455.52

$1,547.87

$1,583.70