Q1) What is the difference in present value between a perpetuity that pays $8,500 per year and an ordinary annuity that pays $8,500 per year for 18 years? Assume a discount rate of 11%.

Q2)How much would you need to save each year in order to accumulate $2,000,000 in 30 years? Assume the interest rate is 12% and that the payments occur at the end of each year.