A zero-coupon bond has face value of $1000, 30 years to maturity, and a yield of

5.18%. What is the price of this bond? Round all intermediate calculations to 6

decimal points. Your final answer should be within $0.05 of the correct answer

choice.

$950.75

$391.54

$4.549.83

$219.79

You plan to retire in 34 years. Based on your ambitions for retirement, you estimate

that you will need to have saved $6 million by the time you retire. To achieve this

retirement savings goal, you will make annual contributions to a retirement account.

You will make the first contribution today and the last contribution 34 years from

today, on the day you retire. The amount of each contribution will be the same. You

expect the investments in your retirement account to earn 7.76% per year

compounded annually. How much does each contribution to your retirement account

need to be for you to reach your retirement savings goal? Round all intermediate

calculations to 6 decimal points. Your final answer should be within $5.00 of the

correct answer choice.

$36,951.87

$159.083.68

$36.725.69

$39,819.34