Tavinona Company issued 1,000; $1,000 bonds for a bond issue of $1,000,000. The bonds were issued for a 20-year term with a coupon rate of 4.5%. The current market rate is 5.8%. Calculate the present (market) value of one bond, then calculate the amount of the bond discount

Jason Thomas has saved $3,500 towards a down payment on a new truck. He wants to have a total of $20,000 and plans to buy in 3 years. How much will he have to save at the end of each month if he can earn 2.0% on his savings?

Marco Ramos has saved $10,000 towards a down payment on a new house. He wants to have a total of $50,000 and plans to buy in 5 years. How much will he have to save at the beginning of each month if he can earn 2.0% on his savings?