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QUESTION 37 To save for her newborn son's college education, Lea Wilson will invest $1,000 at the end of each year for the next 18
QUESTION 37 To save for her newborn son's college education, Lea Wilson will invest $1,000 at the end of each year for the next 18 years. The interest rate is 12 percent. What is the future value? OAA $7,690 B.B. $18,000 C.C. $55,749 D.D. $102,658 QUESTION 38 Yesterday Google issued 20 Year bonds with a 5% Interest Rate/Coupon when the required rate of return or yield to maturity was 5%. Today, investors are requiring an 8% return or yield to maturity. What will be the new market price of the bond? Show your work. AA. $1,000 B.B. $1,200.50 C.C. $705.00 D.D. $12.65
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