Question: please answer, its due in few minutes, its a request Francesca has approached you to assist with retirement planning. She would like to retire in

Francesca has approached you to assist with retirement planning. She would like to retire in 13 years, at which time she hopes to have accumulated enough money to recelve an annuity of $23,000 a year for 18 years of retirement. - The pre-retirement interest rate is 9 percent annually - The retirement interest rate is 11 percent annually. Required: How much does Francesca need to contribute annually to save enough for retirement? (Use a Financial calculator/Excel to arrive at the answer. Do not round intermediate calculations. Round the final answer to the nearest whole dollar.) Annual contribution Luna Crow Corporation issued bonds 10 years ago at $1,000 per bond. The bonds had a 30 -year life when issued, with semiannual payments at the then annual rate of 14 percent. This return was in line with the required returns by bondholders at that point, as described below: Assume that today the inflation premium is only 3 percent and is appropriately reflected in the required return (or yield to maturity) of the bonds. Compute the new price of the bond. (Use o Finoncial calculator/Excel to orrive at the answers. Do not round intermediate calculations. Round the final answer to 2 decimal places.) New price of the bond
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