Fuji TV (フジテレビ) issues bonds with an 8% coupon rate and $1000 face value. Interest is paid semi-annually, and the bond has 25 years to maturity. However, the bond does not pay the first eight coupon payments and instead makes half of these payments at maturity. If investors require an 7.80% return, what is the bond’s value?

Your 6-year-old wants to go to Princeton for Med School. This will cost you $120,000 per year for 6 years. On her next birthday you start putting money into an account paying 8% annually and continue to deposit the same amount every year until her 17th birthday.