1. How much must be deposited now in order to withdraw $15,000 at the end of each year for 30 years, if interest is 11% compounded annually? Label ($), use commas appropriately, and round to the nearest cent.
2. You would like to have the contract that gives you the right, but not the obligation, to buy a stock of General Motors at a specified price. You should:
A) sell a call option on stock of General Motors.
B) either sell a call or buy a put option on stock of General Motors.
C) buy a put option on stock of General Motors.
D) sell a put option on stock of General Motors.
E) buy a call option on stock of General Motors.