Using a financial calculator, solve the following and show/ explain each step. (Do not use excel)

1. Calculate the number of years it will take for X to save $50,000 assuming she can invest $1250 annually as an ordinary annuity. The market interest rate is 8%. 2. What is the yield to maturity on a bond that has a price of $980 and a coupon rate of 12% per annum for 6 years at the end of which it repays the principal of $1000? Is the bond selling at premium, at par, or at discount? How can you tell? 3. You recently got promoted at your job. You have since decided to buy your dream car and expect that it will cost you $94,000 six years from today. After budgeting your expenses, you decide that you can save $11,000 per year at the end of each year. Given a market interest rate of 13%, will you be able to purchase your car at the end of year 6? Would you be able to afford the car at the end of year 7, of the overall market rate fell to 11%