Ms. Sameera recently received some bonds with a face value of $ 100,000 with a 2 % annual coupon ( paid annually on December 31 of each year ) bonds that mature in exactly twenty years from her beloved grandfather . Shortly afterward , she became engaged to Mr. Samer , who asked her to sell the bonds , so they can live a luxurious life for two years in France . If Sameera agreed , and sells her bonds now and puts the proceeds into an account that pays 10 % compounded annually . Based on the above - given information , answer the following questions :

1. Assume the market rate is equal to 12 % . What is the bond's value today ?

2. What would be the largest equal annual amounts she could withdraw for two years , beginning today .