1. ?(Compounding using a calculator?) Lisa Simpson wants to have ?$1.5 million in 30 years by making equal annual?end-of-the-year deposits into a? tax-deferred account paying 8.75 percent annually. What must? Lisa's annual deposit? be?
2. A-Z Inc. is planning to issue a $1000 face-value bond with an annual coupon rate of 4% that matures in 10 years. A-Z is planning to pay quarterly interest payments. Similar A-Z bonds are quoting at 95% of par. What is the price that bond holders will pay for this bond?