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1. Based on the following personal financial planning toward your retirement, how much do you need deposit (or save) from each paycheck when you start

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1. Based on the following personal financial planning toward your retirement, how much do you need deposit (or save) from each paycheck when you start to work? You are paid monthly. Start working age Retirement age Retirement goal APR 22 62 $2,500,000 6% 2. Bond Quotation. Assume that face value of the bond is $1,000. Maturity Coupon Bid Asked Chg Asked yield 2032 Aug 15 3.25 101.125 101.266 -.125 3.21 1) What is the semi-annual coupon payment? 2) What is the dealer's selling price in dollar? 3) What is the previous day's closing (Asked) price? 4) Is this a discount bond or premium bond? 3. You invest $1,200 per quarter for the next 35 years at an 8% annual interest rate beginning one year from today compounded quarterly. How much are you going to have at the end of the 35th year

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