Question: Your plan is to have $ 4 5 , 0 0 0 in your account, 1 1 years from today. You can invest in an

Your plan is to have $45,000 in your account, 11 years from today. You can invest in an account that pays 6.7 percent, compounded semi-annually. How much do you have to invest today to attain your target in 11 years?
a. $91,837.7272
b. $22,668.1079
c. $21,796.2576
d. $24,193.8459
e. None of the above
Unexpectedly, the U.S. Treasury announces to buy $73 billion of new bonds. What effect would that have on the bond market?
a. Prices would increase.
b. Prices would not change.
c. Prices would decline.
 Your plan is to have $45,000 in your account, 11 years

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