3 pts Instead of buying lotto tickets, I decide to invest the funds. Assume we would normally spend $1000 a year on lotto tickets. How much will we have in at the end of 40 years at 8%? A rich uncle dies and leave me money. I want to save for retirement. How much do I need to save today to accumulate $1,000,000 in 40 years, if my rate-of-return is 8%? Assume you will make $40,000/year with a high school diploma. You will make $50,000/year with art degree. Assume you work for 40 years and earn 8%. How much is that art degree worth? (hint: compare PVs) If the coupon rate is greater than the market rate, the bond will be a: O premium bond O discount bond O at par bond Company X is issuing bonds. They plan to issue 10,000, $1000 par, 7% bonds that pay semi-annual for 5 years. What are the proceeds from this bond sale if the market rate is 8%? Company X is issuing bonds. They plan to issue 10,000, $1000 par, 6% bonds that pay semi-annual for 5 years. If the bond price is $980, what is the market annual rate-of-return? (percentage, 2 decimals, e.g. XX.XX)