1. You plan to deposit $1,000 every year for the next 30 years, with the first payment to be made today. However, you expect to be unable to make the deposit 5 years from today. At a rate of 4%, compounded semi-annually, how much will you have 30 years from today? Round your final answer to the nearest dollar.

1. $58,742
2. $57,051
3. $56,051
4. $55,742

2.Jessie is analyzing her actual income and expenses and comparing the results to her annual budgeted amounts. She was pleased to see that her net income was higher than expected by $1,500 due to a job promotion, and for the most part her expenses matched her planned outflow, with the exception of the following:

Expense	Higher / (Lower) than planned
Utilities	$900
Groceries	($200)
Recreation	$700
Clothing	$400