2.

You will deposit $5,000 today. It will grow for 9 years at 12% interest compounded semiannually. You will then withdraw the funds annually over the next 7 years. The annual interest rate is 10%. Your annual withdrawal will be: Use Appendix A and Appendix D to calculate the answer.

Multiple Choice

• $4,186

• $2,931

• $1,504

• $6,178

5. A 19-year zero-coupon bond was issued with a $1,000 par value to yield 14%. What is the approximate market value of the bond? Use Appendix B. (Round "PV Factor" to 3 decimal places and final answer to the nearest dollar amount.)

Multiple Choice

• $166

• $83

• $62

• $124