1. A company is planning to set aside money to repay $100 million in bonds that will be coming due in 10 years. If the appropriate discount rate is 9%, how much money would the company need to set aside at the end of each year for the next 10 years to be able to repay the bonds when they come due?

2. You bought a house a year ago for 250,000 borrowing at 200,000 at 4% on a 30 year term loan with monthly payments.

A. How much are your monthly payments on your current loan?

B. How much was your first month interest expense?

Can you show how to do these using TVM app on TI-84?