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Q21) You would like to retire in 18.0 years. The expected rate of inflation is 1.53% per year. You currently have a standard of living
Q21) You would like to retire in 18.0 years. The expected rate of inflation is 1.53% per year. You currently have a standard of living that requires $8,864.00 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 Q23) A 1,000 par value bond that pays interest annually just paid $84.00 in interest. What is the coupon rate? (1.5 Q24) An 5.29% coupon, 16.0-year annual bond is priced at $999.00. What is the current yield for this bond? (1.5 points) Q22) You purchases a house for $192,328.00. 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 5.36%. Mortgage payments are made monthly. What is the monthly amount of your mortgage payment? (2 points)
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