QUESTION 38 A store is offering a diamond ring for sale for 60 months at $100 per month. The retail price of the ring is $6,000. What is the annualized interest rate on this offer? 10.51% 9.28% 7.42% 0%

QUESTION 39 You want to receive $5,000 per month in retirement. If you can earn 6% annual return and you expect to need the income for 30 years, how much do you need to have in your account at retirement (monthly compounding)? $644,156 $589,511 $722,166 $833,958

QUESTION 33 Find the yield to maturity (YTM) for a 15-year, 8% annual coupon rate, and $1,000 par value bond if the bond sells for $1,208 currently? We assume that interest is paid on this bond semiannually. 5.89% 6.84% 7.55% 8.72%