1. You want to have $46200 in your savings account 5 years from now, and you're prepared to make equal annual deposits into the account at the end of each year. If the account pays 5 percent interest, what amount must you deposit each year?
2. A $1,000 par value 14-year bond with a 12 percent coupon rate recently sold for $945. What is the yield to maturity? Assume semiannual payments and submit your answer as a percentage rounded to two decimal places.
3. Consider the following bond: a semi-annual coupon bond maturing in 6 years with an annual coupon rate of 3% and a face value of $1000. Its price is $972.85. What is the bond's annual yield to maturity? Show all work.