Year on investments
Problem:
Bill plans to have $1,200,000 for his retirement in 40 years. How much should he save annually if he thinks he can earn an average of 6% a year on his investments?
Note: Explain all steps comprehensively.
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If the yield to maturity is 8.2 percent, what is the current price of the bond? Note: Explain all steps comprehensively.
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