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A. If you want to have $2,000 for a vacation in 1 years, how much do you need to save per month? The accounts yields 12%?

B. Is the bond in question A discount or premium bond?

If an individual can save $1,500 annually, how much will have been accumulated after 4 years if the funds earn 7 percent?

If Sam contributes $3,000 annually in a retirement account that earns 9 percent a year, how much will Sam have in his account in 20 years?

You have a US corporate bond with a coupon rate of 8% and matures in 12 years. Comparable bonds now pay 5%, what is a fair market price for your bond for if you were to sell it?