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1. Sahara Co. will receive $50000 today (January 1, 2020), and also on each January 1st for the next five years (2021 2025). What is

1. Sahara Co. will receive $50000 today (January 1, 2020), and also on each January 1st for the next five years (2021 2025). What is the present value of the six $50000 receipts, assuming a 11% interest rate?

2. The market price of an $1140000, ten-year, 10% (pays interest semiannually) bond issue sold to yield an effective rate of 8% is

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