1a. You have $41,961.86 in a brokerage account, and you plan to deposit an additional $6,000 at the end of every future year until your account totals $260,000. You expect to earn 10% annually on the account. How many years will it take to reach your goal? Round your answer to two decimal places at the end of the calculations.

It will take Blank 1 years.

1b. You want to buy a car, and a local bank will lend you $15,000. The loan will be fully amortized over 5 years (60 months), and the nominal interest rate will be 4% with interest paid monthly.

Your loan's EAR will be equal to Blank 1%. Do not round intermediate steps. Round your answer to two decimal places.

1c. Sawyer Corporation's 2015 sales were $11 million. Its 2010 sales were $5.5 million. At what rate have sales been growing? Round your answer to two decimal places. Blank 1%

1d. Your parents will retire in 30 years. They currently have $290,000 saved, and they think they will need $1,750,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places.

The required annual interest rate will equal Blank 1%

1e. Bond X is noncallable and has 20 years to maturity, a 7% annual coupon, and a $1,000 par value. Your required return on Bond X is 9%; if you buy it, you plan to hold it for 5 years. You (and the market) have expectations that in 5 years, the yield to maturity on a 15-year bond with similar risk will be 7.5%. How much should you be willing to pay for Bond X today?

(Hint: You will need to know how much the bond will be worth at the end of 5 years.) Do not round intermediate calculations. Round your answer to the nearest cent.

YOU WILL BE WILLING TO PAY $Blank 1] FOR THE BOND.