Sandy made several investments. She bought 1000 shares of a company's stock for $8.60/share, she bought
a bond with a face value of $2500 and a coupon rate of 7%, and she invested $5000 into a fund that is
expected to grow by 3.5% per year.


(b) The bond Sandy purchased will mature in 10 years. How much interest will she receive
semiannually

(c) How long will it take the fund she invested in to be worth $10,000?

(d) Sandy's gross annual income is $51,350. She is paid biweekly and has 5% deducted from her
paycheck for her 403(b). Her employer matches her deduction, up to 4%. How much is deposited into
Sandy's 403(b) each payday?