1.Max finished his PhD and graduated from university in December 2018. He entered the workforce on January 1, 2019 with a gross salary of $85,000 plus an immediate $5,000 signing bonus when he started with his new employer, XYZ Inc. As a resident of Quebec, calculate his combined 2019 taxes payable. ( Ignore Non-Refundable Tax Credits, Quebec Abatement and any employer withholdings)

Marginal tax rate for $90,000 is 41.12% and for $85,000 is 37.12%.

2.On December 20, 1994 the Nippon Telegraph & Telephone Corporation (NTT) issued 1 billion of 10-year debentures due December 20, 2004. The debentures carried a 4 3/4% coupon. They were priced at par, that is, they cost the investor 100 per 100 of face value. The entire amount of borrowed principal would be repaid at maturity. Interest would be paid annually upon the anniversary date of the issuance (i.e., on December 20th of each year). The debentures carried a AAA credit rating.

What was the yield to maturity of NTT's debentures at the time of issuance? What would it have been if the bonds were priced at 99 instead of 100 (i.e., at 99% of face value)? at 101 instead of 100?

By 1996 yields on AAA yen debt maturing in 8 years had dropped to 3.00%. Given this yield to maturity, at what price should the NTT debentures have been selling?

3.Joe Plc issued a nine year bond in November 2011 with a coupon rate of 8% (face value = 100). In November 2016 (just after that year's coupon had been paid) you bought the bond at a price of 96.76. It is now exactly one year later and you have just sold the bond for 102.62.

What is the current yield today?

4.Inflation is forecast at 2% for the next 2 years and 3% thereafter. If you expect to receive $15,000 in 5 years' time, what is its equivalent in todays dollars?

5.What is the effective interest rate for a credit card advertised at 28% interest compounded daily?

6.How much interest will someone pay on a loan of 10 000$ if this person paying the loan of in 9 months and the loan rate is 4%?

Which formula is suitable for this? Is 10 000$ PMT?

7.Winston deposits $10 into a fund today and $20 fifteen years later. Interested is credited at a nominal discount rate of compounded quarterly for the first 10 years, and a nominal interest rate of 6% compounded semiannually thereafter. The accumulated balance in the fund at the end of 30 years is $100. Find .

8.Dave, a recent retiree, receives his $600 pension at the end of each month. He will receive this

pension for 20 years. If Dave can invest his funds at an interest rate of 10 percent compounded

annually, he should be just as satisfied receiving this pension as receiving a lump sum payment

today of what amount?

9.Victor and Maria, both in their late 30s, have two children: Jacob, age 13, and Nicholas, age 15. Victor has had a long sales career with a retail appliance store in Fargo, North Dakota earning $53,000 annually. Maria works as a medical records assistant earning $29,000.

1. Victor and Maria regularly buy and sell a number of items on eBay, Craig's List, and through the free community newspaper, from which they earn about $5,000 each year. What is the accumulated future value of those annual amounts over 21 years if the annual earnings were invested regularly and provided a 4 percent return each year? your answer to nearest dollar. Round Future value of Series of Equal Amounts in intermediate calculations to four decimal places
2. What would Victor and Maria's annual income be after 21 years if they both received an average 5 percent raise over their current $82,000 salary ($53,000 + $29,000) every year?

10.Megan is already looking ahead to graduation and a job, and she wants to buy a new car not long after her graduation. If after graduation she begins an investment program of $2,400 per year in an investment yielding 4 percent, what will be the value of the fund after three years?