You will deposit $13,000 today. It will grow for 6 years at 8% interest compounded semiannually. You will then withdraw the funds annually over the next 4 years. The annual interest rate is 6%. Your annual withdrawal will be: Use Appendix A and Appendix D. (Round "PV Factor" and "FV Factor" to 3 decimal places.)
A twelve-year bond, with par value equals $1,000, pays 8% annually. If similar bonds are currently yielding 7% annually, what is the market value of the bond? Use semi-annual analysis. Use Appendix B and Appendix D. (Round "PV Factors" to 3 decimal places, intermediate calculations and final answer to 2 decimal places.)