You are 40 years old and want to retire at age 55. Each year, starting one year from now, you will deposit $30,000 into a savings account that pays 6.5% interest. The last deposit will be on your 55th birthday. On your 55th birthday you will switch the accumulated savings into a bank account that also pays 6.5% interest. You will withdraw your annual income at the end of that year (on your 56th birthday) and each subsequent year until your 85th birthday. How much can you withdraw (annually) in retirement? 1) $50,006.51 2) $50,592.24 3) $55,554.26 O4) $56,204.97 Three months ago in October) you bought one Tesla April Call option. Today (January) you've decided that Tesla's share price has peaked and you want to get out of the long position. What is your profit if you exercise compared to your profit if you execute an offset (reversing) trade? (Calculate the round-trip profit net of the cost of buying the option in October. Express your answer as the difference between the offset profit and profit from exercise. Assume that the option is American and that there is only one share per option contract.) Enter your answer in dollars rounded to the nearest dollar. October (Three months Ago) Tesla Stock Price = $816 April Tesla Call option (X=600) premium = $326 January (Today) Tesla Stock Price = $1018 April Tesla Call option (X=600) premium - $449