Suppose you are saving up for a trip for a European tour/vacation30 months from now. To pay for the trip, starting today you will either (option 1) put $7,000 in a savings account that pays 4% annual interest, or (option 2) save $200 each month (in the same account that returns 4% per year). 1) To determine which option returns you the most money you are comparing? 2) Which option will provide you with the most money for your trip? (For both calculations assume that the interest is compounded monthly.)

1)A:the PV of a lump sum to the FV of an annuity

B:the FV of a lump sum to the FV of an annuity

C:the FV of a lump sum to the FV of a perpetuity

D:the PV of a lump sum to the PV of an annuity

2)A:Option 1 returns $7,093.80 > Option 2 returns $6,299.23

B:Option 2 returns $11,216.99 > Option 1 returns $7,721.13

C:Option 2 returns $7,093.80 > Option 1 returns $6,299.23

D:Both. Option 1 & option 2 each return exactly $7,000