1.How much do you have to deposit in an account paying 10 percent per annum if you want withdraw 12000 dollars at the end of year 4 and then 1500 dollars at the end of each year for the next five years(from year 5 to year 9)?

2.Zenca's bond has 8.25% annual coupon interest paid semiannually with $1,000 maturity va ue. The bond has six years to maturity. The yield on Zenca's bond is 10.00%. Other factors remain unchanged, if the yielo were to increase by 1.00%,the price of the bond will ___by___

a. Decrease, 4.15%. b. Decrease, 4.44%. c.Increase,4.15%. d. Increase,4.44%..

( use Excel)