Ray corp. issued bonds with a face amount of $200,000. each $1,000 bond contained detachable stock warrants for 100 shares of ray's common stock. total proceeds from the issue amounted to $240,000. the market value of each warrant was $2, and the market value of the bonds without the warrants was $196,000. the bonds were issued at a discount of (rounding the allocation percentage to two decimal places): a. $ 0b. $ 800c. $ 4,000d. $33,898

You wish to retire in 13 years, at which time you want to have accumulated enough money to receive an annual annuity of $23,000 for 18 years after retirement. during the period before retirement you can earn 9 percent annually, while after retirement you can earn 11 percent on your money. what annual contributions to the retirement fund will allow you to receive the $23,000 annuity? use appendix c and appendix d for an approximate answer, but calculate your final answer using the formula and financial calculator methods.