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1 6 . An investor currently has zero savings, but wants to accumulate $ 2 . 2 5 million in 2 4 years by making

16. An investor currently has zero savings, but wants to accumulate $2.25 million in 24 years by making equal monthly deposits into an account expected to earn 9% APR compounded monthly. How much does the investor need to deposit each month, with the first deposit made one month from today, in order to reach their savings target?
Enter answer in dollars, rounded to the nearest dollar.
17. Walmart (WMT) has a bond trading with a par value of $1000 and 19 years remaining until maturity. The bond pays a semi-annual coupon at a rate of 6% APR compounded semi-annually. What is the current price of the bond if the yield-to-maturity is 4.9% APR compounded semi-annually?
Enter answer in dollars rounded to the nearest dollar.

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