1. Your savings account currently has $1,200. The account pays 5 percent interest compounded annually. How much will your account have 6 years from now?

2. A 10 year bond was issued three years ago. It pays 5% coupon semi-annually, and has a yield to maturity of 6%, what is the current market price of the bond?

3. A bond currently has a YTM of 8%. The bond matures in 3 years and pays interest semi-annually. The coupon rate is 7%. What is the current price of this bond