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5. 80 1080 a. P = + = $1037.39 1.05 (1.06)2 b. y = 5.96% 1080 1080 C. P = = $1009.26, 1+12 1+f2

5. 80 1080 a. P = + = $1037.39 1.05 (1.06)2 b. y = 5.96% 1080 1080 C. P = = $1009.26, 1+12 1+f2 where f2 (1.06)2 = - 1 = 7.00% 1.05 1080 1080 d. P = = 1+12 1+f2-A = $1018.77,

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