You are considering an annuity which costs $100,000 today. The annuity pays $6,000 a year. The rate of return is 4.5%. What is the length of the annuity time period?

A. 24.96 years

B. 29.48 years

C. 31.49 years

D. 33.08 years

E. 38.00 years

Question 2;

Your car dealer is willing to lease you a new car for $299 a month for 60 months. Payments are due on the first day of each month starting with the day you sign the lease contract. If your cost of money is 4.9%, what is the current value of the lease?

		A. $15,882.75
		B. $15,906.14
		C. $15,947.61
		D. $16,235.42
		E. $16,289.54