How much must you deposit each week

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Reference no: EM131958902

1. You want to have $21,500 saved 6 years from today in order to make a down payment on a house. To fund this, you will make deposits each week from your paycheck into an account that will earn 4.53 percent compounded weekly. How much must you deposit each week?

2. BOND RETURNS Last year Janet purchased a $1,000 face value corporate bond with an 8% annual coupon rate and a 15- year maturity. At the time of the purchase, it had an expected yield to maturity of 13.91%. If Janet sold the bond today for $969.41, what rate of return would she have earned for the past year? Do not round intermediate calculations. Round your answer to two decimal places.

Reference no: EM131958902

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