Question 1

Heather is planning to retire in 10 years. She will then need an income of $1325 at the beginning of every month for the subsequent 25 years. She is going to make one investment today to provide all of the money she will eventually collect. Her investments will earn 5.44% compounded monthly. How much should she invest today?

Round your answer to two decimal places. Do not enter the $ sign. Sample input: 124,340.34

Question 2

Heather is planning to retire in 5 years. She will then need an income of $1294 at the end of every month for the subsequent 25 years. She is going to make one investment today to provide all of the money she will eventually collect. Her investments will earn 11.24% compounded monthly. How much should she invest today?

Round your answer to two decimal places. Do not enter the $ sign. Sample input: 124,340.34

Question 3

A $7311 bond bearing interest at 6% payable semi-annually matures in 5 years. If it is bought to yield 7% compounded semi-annually, what is the purchase price of the bond?

Enter your answer to the nearest dollar. Do not enter the $ sign. Sample input: 24877

please answer it asap and correct answer needed