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Q21) You would like to retire in 10.0 years. The expected rate of inflation is 2.47% per year. You currently have a standard of living

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Q21) You would like to retire in 10.0 years. The expected rate of inflation is 2.47% per year. You currently have a standard of living that requires $5,006.00 of monthly expenses. Assuming you want to maintain the Same standard of living in retirement, what are your monthly expenses expected to be the first year of retirement? (2 points) Q22) You purchases a house for $116,665.00. You made a down payment of 20,000 and the remainder of the purchase price was financed with a mortgage loan. The mortgage loan is a 30 year mortgage with an annual interest rate of 6.71%. Mortgage payments are made monthly. What is the monthly amount of your mortgage payment? (2 points) Q23) A 1,000 par value bond that pays interest annually just paid $120.00 in interest. What is the coupon rate? (1.5 points) Q24) An 9.65% coupon, 7.0 -year annual bond is priced at $971.00 . What is the current yield for this bond? (1.5 points) Q25) What is the price of a 1,000 par value semi-annual bond with 25.0 years to maturity and a coupon rate of 7.96% and a yield-to- maturity of 6.33% ? (1.5 points)

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