You want 20,000 in 5 years to take your spouse on a second ...

[yoooooman]

You want 20,000 in 5 years to take your spouse on a second honeymoon. Your investment account
  earns 7 compounded semiannually. How much money must you put in the investment account
  today? (Round to the nearest 1.)
 
  A) 14,178 B) 13,349 C) 12,367 D) 15,985

Question 2

For qualified tax-deferred retirement plans, taxes
 
  A)
 
  never become due.
  B)
 
  become due only if the retiree dies.
  C)
 
  become due when the funds are withdrawn from the retirement fund.
  D)
 
  become due only at age 65.

[wtf444]

Answer to Question 1

A

Answer to Question 2

C