Which one of the following is an example of an annuity?

the payment of $389 in January, $200 in February, and $200 in March

the payment of $259 a month for three consecutive years the receipt of $50 in January, March, April, June, August, September and December

the receipt of $100 a month for three months and then $150 a month for two months

Bank of the West pays a 2.25% nominal rate on deposits, with monthly compounding. What effective annual rate (EFF%) does the bank pay?

2.36%

2.78%

2.54%

2.27%

Seven years ago, Amazon earned $1.50 per share. Its earnings this year were $4.25. What was the growth rate for Amazon in earnings per share (EPS) over the 7-year period?

16.24%

16.04%

15.78%

15.45%