a 7 percent semi-annual bond has a par value of $1000, matures in 10 years, and pays 7 percent yield. How much is the bond selling for today?

a. $1000 b. $2979.6 c. $1497.4 d. $629.2

warren hopes to have $392735.00 in his retirement account when he retires in 8 years. If his retirement account earns a nominal APR of 5%, how much does he need to save each month during tbe next 8 years to achieve his goal?

a.3335.60 b.2907.38 c.4090.99 d. 2324.76