7. (1 point) You just decided to begin saving for retirement. You will make deposits of $1,500 per month into a retirement account that earns 6.00% p.a. compounded monthly. The first deposit will be made at the end of the first month and the last deposit will be made when you retire exactly 30 years from today. You will begin to make withdrawals from the account the first month after you retire. If you expect to live an additional 20 years and leave $500,000 to your heirs, you will be able to withdraw account.) each month. (Note: You make 240 total monthly withdrawals from your retirement 8. ( 0.5 points) A bond issued by RFS, Inc. has 15 years remaining until maturity. The face value of the bond is $1,000 and the coupon rate is 7.00% paid semi-annually. The yield-to-maturity is 6.00%. The bond should sell for $