Intro You deposit $2,000 in your savings account today, and want to buy a car for $15,000. Part 1 Attempt 1/3 for 10 pts. If the interest rate on your savings account is 4% per year, how many years do you have to wait before you can buy the car? BankMart Inc. recently issued bonds that mature in 12 years. They have a par value of $1,000 and an annual coupon of 2%. Your required rate of return is 7%. Hint: This bond pays a fixed amount of coupon at the end of each period and pays the par value when it matures. annual coupon payment = par value * annual coupon rate - Attempt 1/3 for 10 pts. What is the maximum price you want to pay for the bond