question 8 (4 points)\nyou invest $8,000 in a bond with a maturity date in 3 years at a fixed - coupon rate…

question 8 (4 points)\nyou invest $8,000 in a bond with a maturity date in 3 years at a fixed - coupon rate of 5.62%. how much interest will you receive in total from this investment?\nenter the dollar amount rounded to the nearest cent.\nyour answer:\nanswer\n\nquestion 9 (4 points)\nyou are developing a mid - term financial plan for the next five years. you anticipate an annual income of $44,750. your estimate living expenses for both needs and wants to be $25,000 per year, and you plan to save $10,275 annually for retirement. you also want to save for a down payment on a home and build your emergency fund. considering these figures, how much will you have left for additional savings?\nenter the dollar amount rounded to the nearest cent.\nyour answer:\nanswer

question 8 (4 points)\nyou invest $8,000 in a bond with a maturity date in 3 years at a fixed - coupon rate of 5.62%. how much interest will you receive in total from this investment?\nenter the dollar amount rounded to the nearest cent.\nyour answer:\nanswer\n\nquestion 9 (4 points)\nyou are developing a mid - term financial plan for the next five years. you anticipate an annual income of $44,750. your estimate living expenses for both needs and wants to be $25,000 per year, and you plan to save $10,275 annually for retirement. you also want to save for a down payment on a home and build your emergency fund. considering these figures, how much will you have left for additional savings?\nenter the dollar amount rounded to the nearest cent.\nyour answer:\nanswer

Answer

Question 8

Explanation:

Step1: Identify the simple - interest formula

The simple - interest formula is $I = Prt$, where $P$ is the principal amount, $r$ is the annual interest rate (in decimal form), and $t$ is the time in years. Given $P=$8000$, $r = 5.62%=0.0562$, and $t = 3$ years.

Step2: Calculate the interest

$I=Prt=8000\times0.0562\times3$ $I = 8000\times0.1686$ $I=$1348.80$

Answer:

$1348.80$

Question 9

Explanation:

Step1: Set up the equation for remaining savings

Let $R$ be the remaining savings. The annual income is $I = 44750$, the living expenses are $E = 25000$, and the retirement - savings are $S_{r}=10275$. The formula for remaining savings is $R=I - E - S_{r}$.

Step2: Substitute the values

$R = 44750-25000 - 10275$ First, $44750-25000=19750$. Then, $19750 - 10275=$9475.00$

Answer:

$9475.00$