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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
An investor currently has zero savings, but wants to accumulate $ million in years by making equal monthly deposits into an account expected to earn 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.
Walmart WMT has a bond trading with a par value of $ and years remaining until maturity. The bond pays a semiannual coupon at a rate of APR compounded semiannually. What is the current price of the bond if the yieldtomaturity is APR compounded semiannually?
Enter answer in dollars rounded to the nearest dollar.
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