1. How much must you deposit each year into your retirement account starting now and continuing through year 10 if you want to be able to withdraw $90,000 per year forever, beginning 35 years from now? Assume the account earns interest at 10% per year.
2. What's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $600 at the end of Year 4 if the interest rate is 5%?
a. $8,484.21
b. $8,496.41
c. $8,508.61
d. $8,459.81
e. $8,472.01