1. A certain company needs to raise $100,000 for capital expansion of its * 6 business. The company issues 15 -year bonds to raise the money. The bonds are redeemable at 102 , that is, for every $1 of face value, $1.02 will be paid upon redemption. The rate of interest on the bond is 6.45% payable monthly. If at the time of the bond issue interest rates are 6.54% compounded monthly, what amount of money will the company receive from the bond issue? Your answer 2. Klein deposited $250 at the end of each month into an account that pays 2.34% compounded quarterly, find the number of years it takes to accumulate $25,000. Your answer 3. Calculate the amount of money an investment banker would have to * 6 points deposit in an investment fund that will provide him $1,450 at the beginning of each month for ten years. He receives his first payment 3 years from now and the interest rate is 5.34% compounded quarterly