$1$ What amount would you have if you deposited $$2,900$ a year for $40$ years at $8$ percent $($compounded annually$)?($Exhibit $1-$A$,$ Exhibit $1-$

B$,$ Exhibit $1-$C$,$ Exhibit $1-$D$)$

Note: Use appropriate factor$($s$)$ from the tables provided. Round time value factor to $3$ decimal places and final answer to $2$

decimal places.

Problem $6-14($LG $6-2)$

What is the bond quote for a $$1,000$ face value bond with an $7\mathrm{.}5$ percent coupon rate $($paid semiannually$)$ and a required return of $7$

percent if the bond is $6\mathrm{.}48574,8\mathrm{.}47148,10\mathrm{.}519,$ and $14\mathrm{.}87875$ years from maturity?

Note: Do not round intermediate calculations. Round your percentage answers to $3$ decimal places $($e$.$g$.,32\mathrm{.}161).$