You plan to borrow $229,000 now and repay it in 8 equal annual installments (payments will be made at the end of each year). If the annual interest rate is 14%, how much will your annual payments be?

	$60,225.95
	$43,303.10
	$80,278.02
	$65,827.98
	$49,365.54

You are told that if you invest $12,500 per year for 24 years (all payments made at the beginning of each year) you will have accumulated $504,000 at the end of the period. What annual rate of return is the investment offering?

	3.94%
	4.24%
	3.44%
	4.71%
	5.26%