Problem solving: Points: 62=12 [SHOW WORKS] 1. I want $40,000 for the down payment to buy a house. If I contribute $1000 every month to my 2% savings account, how long do I have to save for the amount? 2. Johnson Corp. Issued 10 year 6% bonds 3 years ago with a put option of 1000 exercisable at the end of year 3 . The market interest rate at that time was 5%. There had been 2% increase in interest rate over these 3 years. How much is that bond worth today