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Your plan is to have $ 4 5 , 0 0 0 in your account, 1 1 years from today. You can invest in an

Your plan is to have $45,000 in your account, 11 years from today. You can invest in an account that pays 6.7 percent, compounded semi-annually. How much do you have to invest today to attain your target in 11 years?
a. $91,837.7272
b. $22,668.1079
c. $21,796.2576
d. $24,193.8459
e. None of the above
Unexpectedly, the U.S. Treasury announces to buy $73 billion of new bonds. What effect would that have on the bond market?
a. Prices would increase.
b. Prices would not change.
c. Prices would decline.
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