Future Value At age 25 you invest $2,400 that earns 7 percent each year. At age 35 you invest $2,400 that earns 10 percent per year. In which case would you have more money at age 60?
What is the yield to maturity of a 16-year bond that pays a coupon rate of 11.93 percent per year, has a $1,000 par value, and is currently priced at $894? Assume annual coupon payments.