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36. Mr. C is 40 years old now. Mr. C wants to invest a certain amount of money at the beginning of every month into
36. Mr. C is 40 years old now. Mr. C wants to invest a certain amount of money at the beginning of every month into a perision fund for 25 years (until age 60). The first payment is made now. Mr. C wants to receive 3,000 TL at the end of every month as an ordinary annuity for 15 years beginning the two months after he makes the last payment. How much money does he have to invest at the beginning of each month for 25 years? 37. You are working in the treasury department of a bank. Turkish Treasury announced that it would issue discounted bond. Nominal value is 100 TL, maturity is 730 days. If the required rate of return is 12%, how much money do you offer for this bond? (What is the price of the bond?) 38. You are working in the treasury department of a bank Turkish Treasury announced that it would, issue a bond with coupon payments. Nominal value is 100 TL, maturity is 10 years. The bond makes coupon payments every six-month. Coupon rate is 10 %. If the required rate of return is 14%, how much money do you offer for this bond? (What is the price of the bond?) 36. Mr. C is 40 years old now. Mr. C wants to invest a certain amount of money at the beginning of every month into a perision fund for 25 years (until age 60). The first payment is made now. Mr. C wants to receive 3,000 TL at the end of every month as an ordinary annuity for 15 years beginning the two months after he makes the last payment. How much money does he have to invest at the beginning of each month for 25 years? 37. You are working in the treasury department of a bank. Turkish Treasury announced that it would issue discounted bond. Nominal value is 100 TL, maturity is 730 days. If the required rate of return is 12%, how much money do you offer for this bond? (What is the price of the bond?) 38. You are working in the treasury department of a bank Turkish Treasury announced that it would, issue a bond with coupon payments. Nominal value is 100 TL, maturity is 10 years. The bond makes coupon payments every six-month. Coupon rate is 10 %. If the required rate of return is 14%, how much money do you offer for this bond? (What is the price of the bond?)
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