22)You are a business student graduate in 8 years, you would like to have $79,500 to buy new equipment for your business. What amount you should deposit now at 8% compounded twice a year.

a. 45,567

b. 56,596

c. 24,500

d. 42,445

23) If the market interest rate is 10% and a bond paying a yearly interest payment of $50. What is the price of the bond?

a. 800

b. 600

c. 450

d. 500

25)Find the compound amount if $4,500 is deposited at 7% interest for 10 years if interest is compounded daily.

a. 9,061.27

b. 34,987.90

c. 89,062.98

d. 34,987.98