1. For each of the following annuities calculate the annual cash flow

Present Value	Years	Interest Rate
$24,500	6	11%
$19,700	8	7%

2. You deposit $5,000 at the end of each year for 20 years into an accouninterest, how much money will you have in the account in 20 years?

3. Lycan Inc. has 7% coupon bonds on the market that have 9 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the YTM on these bonds is 8.4%, what is the current bond price?

4. The Timberlake Co. has 7% coupon bonds in the market with 9 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the bonds currently sell for $961.50, what is the YTM

5. Volbeat Co. has bonds on the market with 10.5 years to maturity, a YTM of 6.2%, a par value of $1,000, and a current price of $945. The bonds make semiannual payments.

What must the coupon rate be on the bonds?