Q1. J&J Manufacturing just issued a bond with a $1,000 face value and a coupon rate of 8%. If the bond has a life of 20 years, pays quarter coupons, and the yield to maturity is 12%, what will the bond sell for?

Q2. How much do you need to invest at the beginning of each of the next 60 months in order to have a value of $100,000 at the end of 60 months, given that the annual nominal interest rate will be fixed at 6% and will be compounded monthly?