James McCulloch purchased a 30-year U.S. Treasury bond four years ago for $1,000. The bond paid 3.175 percent annual interest. Four years later he sold the bond for $1,045. What is the annual interest amount for the bond? What is the total interest Mr. McCulloch earned during the four-year period? What is the total return for Mr. McCulloch's bond investment?

		Annual interest: $37.75. Total interest: $151. Total return: $196.
		Annual interest: $31.75. Total interest: $127. Total return: $172.
		Annual interest: $37.75. Total interest: $151. Total return: $166.
		Annual interest: $31.75. Total interest: $127. Total return: $142.