Answer the following two questions by showing your work. Do not just write the answer, remember to show how you arrived at your answers:

1. Suppose you inherited $275,000 and invested it at 8.25% per year. How much could you withdraw at the end OF EACH of the next 20 years? a)$28,532 b)$29,959 c)$31,457 d)$33,030 e)$34,681

2. What is the present value of the following cash flow stream at a rate of 6.25%? a)$411.57 b)$433.23 c)$456.03 d)$480.03 e)$505.30 (Note use the chart below to solve the problem):

Years	0	1	2	3	4
CFs	$0	$75	$225	$0	$300