Question: 7. (1 point) You just decided to begin saving for retirement. You will make deposits of $1,000 per month into a retirement account that camnis

 7. (1 point) You just decided to begin saving for retirement.

7. (1 point) You just decided to begin saving for retirement. You will make deposits of $1,000 per month into a retirement account that camnis 8.00% pa. The first deposit is made today and the last deposit will be made when you retire exactly 30 years from today (Note: you make 361 total monthly deposits into your retirement account.) You will begin to make withdrawals from the account the first month after you retire. If you plan to live an additional 25 years and leave $900,000 to your heirs, you will be able to withdraw s_ cach month. (Note: you make 300 total monthly withdrawals from your retirement account.) a. 10.122.35 b. 10,339.80 c. 10.352.10 d. 10,746,04 e. None of the above 8.(0.5 points) A bond issued by RFS, Inc. has 8 years remaining until maturity. The face value of the bond is $1,000, the coupon rate is 7.00% and is paid semi-annually. The yield-to-maturity is 7.50% The bond should sell for 943.11. b. 946.58 c. 949.57 d. 970.32 c. None of the above 9.(0.5 points) Glow Street issued a bond, which pays semi-annually and has 25 years to maturity. Par value is $1.000, the market price is $919.44 and the yield to maturity is 8.00%Ithe band's annual coupon rate is 7.75 b. 7.50 725 d. 8.00 None of the above

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