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#29 Derek can deposit $11,000 on each birthday beginning with his 26th and ending with his...

#29 Derek can deposit $11,000 on each birthday beginning with his 26th and ending with his 65th. What will the rate on the retirement account need to be for him to have $3,000,000 in it when he retires on his 65th birthday?

Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434))

#30 The market price of a semi-annual pay bond is $975.99. It has 22.00 years to maturity and a yield to maturity of 7.15%. What is the coupon rate?

Answer format: Percentage Round to: 0 decimal places (Example: 9%, % sign required. Will accept decimal format rounded to 2 decimal places (ex: 0.09))

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