How much will he have available for retirement

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1. Luke believes that he can invest $5000 per year for his retirement in 30 years. How much will he have available for retirement if he can earn 8% on his investment and begins investing one year from now? A. $566,400 B. $681,550 C. $150,000 D. $162,000

2. A 20-year bond pays 6% annually on a face value of $1000. If similar bonds are currently yielding 4%, what is the market value? A. $1271.40 B. $573.50 C. $770.80 D. Not enough info given.

Reference no: EM131859844

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