Jessica wants to retire in 25 years with a $1,500,000 nest egg. She will invest in a 9% monthly compounded account. What equal, monthly contribution would she have to make?

		$1,338
		$1,025
		$987
		$911
		none of these

A deferred annuity of $3000 per year will start in year 5 and end in year 30. Using a rate of 7.5%, what is the present value of the deferred annuity?

		$25,383
		$23,702
		$34,189
		$115,560
		none of these