16. Jack has $375,000 and wants to retire. He expects to live for another 25 years, and he also expects to earn 7.5% on his invested funds. How much could he withdraw at the beginning of each of the next 25 years and end up with zero in the account? OA) $28,243.21 B) $29,729.70 OC) $31,294.42 D) $32,859.14 None of the above 17. You've just joined the investment banking firm of Dewey. They've offered you two different salary arrangements. The first one is that you can have $95.000 per year for the next two years, however, the second one is that you can have $70,000 per year for the next two years, along with a $45,000 signing bonus today. The bonus is paid immediately, and the salary is paid at the end of each year. If the interest rate is 10 percent, which do you prefer? O A) The first option B) The second option C) Indifferent D) Neither None of the above 2. Mike has just invested in a premium bond that offers an annual coupon rate of 12%, with interest paid annually. The face value of the bond is $1,000 and the difference between the bond's yield to maturity and coupon rate is 3%. The bond matures in 8 years. What is the bond's price? OA) $1,166 O B)$1,000 C)$120 D)$1,120 None of the above