1. Paisley has an annual income of $54,600 and has additional debt of $350. Her estimated monthly property taxes and homeowners insurance is equal to $390. What is Paisley’s affordable monthly mortgage payment?
2. Your company wants to raise ?$8.0 million by issuing 20?-year ?zero-coupon bonds. If the yield to maturity on the bonds will be 8% ?(annual compounded APR?), what total face value amount of bonds must you? issue?
The total face value amount of bonds that you must issue is ?$