1.1.Find the present value of the ordinary annuity. (Round your answer to the nearest cent.)

$150/month for 13 years at 3%/year compounded monthly

2.Rosita's announced that its next annual dividend will be $1.65 a share and all future dividends will increase by 2.5 percent annually. What is the maximum amount you should pay to purchase a share of this stock if you require a 12 percent rate of return?

3.Otto Enterprises has a 15-year bond issue outstanding with a coupon of 8 percent. The bond is currently priced at $923.60 and has a par value of $1,000. Interest is paid semiannually. What is the yield to maturity?

4.New Corp. last paid a $1.50 per share annual dividend. The company is planning on paying $1.62, $1.68, $1.75, and $1.80 a share over the next four years, respectively. After that the dividend will be a constant $2.25 per share per year. What is the market price of this stock if the market rate of return is 15 percent?

5.Mason's has a 5-year, 8 percent annual coupon bond with a $1,000 par value. Dixon's has a 10-year, 8 percent annual coupon bond with a $1,000 par value. Both bonds currently have a yield to maturity of 8 percent. What happens if the market rate decreases to 7 percent?

6.Describe and attach a sample invoice

7.A cupcake bakery has determined that their weekly profit in thousands of dollars is given by -2x^2+12x-6, where x is the number of cupcakes baked and sold, in hundreds. What is the range of cupcakes they must bake and sell in a week in order to have a weekly profit of at least $10,000?

8.Equal amounts are invested at 5%, 7%, and 9% annual interest. If the three investments yield a total of $777 annual interest, find the total investment.

9.Josh has $29000 invested in stocks paying 7%. How much additional money should be invest in certificates of deposit paying 3% so that the average return on the two investments is 4%?

10.The manager of a store that specializes in selling tea decides to experiment with a new blend. She will mix some Earl Grey tea that sells for $ 6 per pound with some Orange Pekoe tea that sells for $2 per pound to get 800

pounds of the new blend. The selling price of the new blend is to be $5.50

perpound, and there is to be no difference in revenue from selling the new blend versus selling the other types. How many pounds of the Earl Grey tea and Orange Pekoe tea arerequired?