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Assignment #1 Answer the following questions in separate sheets of an Excel le. The deadline to submit it on Canvas is 9f20x'2018 at 6:00 pm.

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Assignment #1 Answer the following questions in separate sheets of an Excel le. The deadline to submit it on Canvas is 9f20x'2018 at 6:00 pm. Q1. You are currently 40 years old and intend to retire at age 60, To make your retirement easier, you intend to start a retirement account At the beginning of each of years, you will deposit some money to your retirement account till your retire. You expect the account will earn 7'96 per year. After retirement at age 60, you want to withdraw $10,000 from your retirement account at the END of each year for 10 years. How much money should you plan to deposit in your retirement each year? Requirement: Use all the three methods {'1} Solver, [2} Goal Seek, and [3} PV and PMT function to solve for annual deposit. Use snipping tool to screenshot the dialog windows of Solver and Goal Seek with the appropriate parameters, [12. You borrow a 1 million dollars loan at 7% annual interest rate with 8 annual payments at the end of each year. Please show the amortization schedule. [13. Consider the bond issued by Bank of America (Symbol: BAC38 16499}. Assume the yield is 4.5% and the settlement date is 9/13f2018, Use other information on FINRA to calculate the clean price and full price, Q4. Why do market participants such as bond dealers quote the clean price ofa bond, not the full price? Answer the question using 100 300 words

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