Nancy wants to receive a lump sum of $400,000 in 40 years when she retires. If a bank that promises to pay her 8% per year, what amount does she need to deposit today? Group of answer choices 17,048 18,412 19,314 18,713 18,212

You want to sell a zero coupon bond that promises $10,000 in 8 years with an interest rate of 7%. What should you sell it for?

Group of answer choices

5,820

5,767

5,942

6,277

6,183