1.Haswell Enterprises' bonds have a 19-year maturity, a 6% coupon, and a par value of $1,000. The going interest rate (rd) is 5%. Assuming semiannual compounding what is the bond's price?

2.Armin's wonderful parents established a college savings plan for him when he was born. They deposited $63 into the account on the last day of each month. The account has earned 8.5% compounded monthly, tax-free. How much can they withdraw on his 18^thbirthday to spend on his education? Round to the nearest dollar.