Question: 1 . I now have $ 7 5 , 0 0 0 in the bank earning interest of 0 . 8 2 % per month.

1.I now have $75,000 in the bank earning interest of 0.82% per month. I need $750,000 to make a down payment on a house. I can save an addiAonal $2,500 per month. How long will it take me to accumulate the $750,000?
2.Sure Tea Company has issued 8%10-year semi-annual coupon bonds that are now selling at a yield to maturity of 11.5%. Aaer holding the bond for some periods, the bond price is $827.22 now, what is the remaining maturity of these bonds?
3.What is the rate of return for an investor who pays $1,054.47 for a 3-year bond with an annual coupon payment of 6.5% and sells the bond 1 year later for $1,037.19?

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