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If a new college graduate wants a car costing $15,000, how much must be saved annually over the next four years if the funds earn 5%?

If a new college graduate wants a car costing $15,000, howmuch must be saved annually over the next four years if thefunds earn 5%?2. You purchase a bond for $875. It pays $80 a year (that is,the semiannual coupon is 4%), and the bond matures after10 years. What is the yield to maturity?

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