You are going to pay 100 into an account at the beginning of each ...

[BrownTown3]

You are going to pay 100 into an account at the beginning of each of the next 40 years. At the
  beginning of the 41st year you buy a 30 year annuity whose first payment comes at the end of the
  41st year (the accounts earn 12).
 
  How much will you receive at the end of the 41st year (i.e., the
  first annuity payment). Round to nearest 100.
  A) 10,700 B) 11,400 C) 7,800 D) 93,000

Question 2

Which is NOT a characteristic of a limited liability partnership?
 
  A) One or more of the partners must be a general partner to whom the privilege of limited liability does not apply.
  B) Prohibits the limited partners from participating in the management of the partnership.
  C) Partners pay taxes on dividends distributed.
  D) One or more partners have limited liability.

[AmberC1996]

Answer to Question 1

A

Answer to Question 2

C