The owners of a condominium building wish to save enough money to replace the roof on their building in 10 years. The new roof is projected to cost $54,500. How much must they deposit monthly into an account earning j12=3% in order to have enough money for the new roof? Your Answer: Answer Question 10 (1 point) Rick just purchased a ten year, $5,000 bond with a 4% coupon rate for $4,930. Calculate the yield rate that Rick will earn (nominal, semi-annual). Express your answer as a percent to 2 decimal places but don't include the % sign. Your