20, you currently owe $2,240.00 of your credit card that charges an annual interest rate of 17.66% you make $147.00 of new charges every month and make a payment of $223.00 every month what will your credit card balance be in three months?

21, you would like to retire in 32.0 years. the expected rate of inflation is 1.54% per years you currently have a standard of living that requires $7,875.00 of monthly expenses, assuming you want to maintain the same standard of living in retirement what are your monthly expenses expected to be the first year of retirement.

22, you purchase a house for $100,950. you make a down payment of $20,000 and the reminder of the purchase price was financed with a mortgage loan. the mortgage loan is a 30 year loan with annual interested rate of 6.46% mortgage payments are made monthly. what is the monthly amount of your mortgage loan?

23, a 1,000 par value bond that pays interest annually just paid $102.00 in interest what is the coupon rate?

24, an 9.44% coupon, 14.0 year annual bond is priced at $913.00 what is the current yield for this bond?

25, what is the price of a 1,000 par value semi annual bond with 13.0 years to maturity and a coupon rate of 5.89% and a yield to maturity of 5.44%?

26, what is the price of a 1,000 par value semi annual bond with 8.0 year annual 4.09% coupon rate and a yield to maturity of 5.09%

27, you bought a 29.0 years 8.10% semi annual coupon bond today and the current market rate of return is 7.60%. the bond is callable in 7.0 years with a $87.00 call premium what price did you pay for your bond?

28, a 5.92% coupon, 5.0 year annual bond has a yield to maturity of 8.25% assuming the par value is 1,000 and the YTM does not change over the next year ?

a. price of the bond today?

b. price of the bond in one year?

c. capital gains yield?

d. current yield?