One year ago Lerner and Luckmann Co. issued 15-year, noncallable, 10.5% annual coupon bonds at their par value of $1,000. Today, the market interest rate on these bonds is 10.5%. What is the current price of the bonds, given that they now have 14 years to maturity? You are hoping to buy a new boat 5 years from now, and you plan to save $1,500 quarterly, beginning immediately. You will deposit your savings in an account that pays 5.2% interest. How much will you have 5 years from now