15. What are the proceeds of $1,000,000 deposited in a bank on July 10 for 1 month at 1.5%? Take care to apply "money market" rules and use the proper "day count." 16. What is the present value as of July 11 of $1MM to be paid January 11 2022 at a (discount) rate of 2%? (Same instructions as in #15.) 17. An asset promises to pay the following: $60 each year for the next ten years: and $1,000 in ten years . Please wait... Assume all the cash flows are discounted by 6%. Use the annuity formula to get the price of the first part. Use the standard discounting formula to get the price of the second part. Add them together to get the total price. This bond pays a coupon of 60 and has a coupon rate of 60/1,000 = 6%), a face value of 1,000 and a maturity of ten years. Its "yield-to-maturity" is 6%.