A company calculates interest over its liabilities every month. Calculate the FV of Bonds, if:

• PV = 12,000, I = 7% (nominal interest rate), N = 5 years:

Question 7

A company calculates interest over its liabilities every month. Calculate the FV of Bonds, if:

• PV = 12,000, I = 7% (Effective interest rate), N = 5 years:

Question 8

Tanish has 50,000 to invest and TD Bank is offering 2.8% return on saving account. He wants to invest this money for 10 years. Bank has multiple choices but Tanish doesn't know what his value will be under different compounding choice. Calculate Future value of Tanish money, if:

a. Compounding is Quarterly;

b. Compounding is Semi-Annually;

c. Compounding is yearly;

d. Compounding is Monthly;

Question 9

if Jaspal starts investing on monthly basis to a savings account, then in 7 years, the value of his investment will be CAD 150,000 @ 3.9% interest rate. He want to know the value of his investment today to figure out if its worth investing or not?

Question 9 options:

Question 10 (1 point)

Scotiabank is currently offering 3.4% on a saving plan of 15 years. Payments are made on monthly basis. What will be the future value of the payments if:

a. Payments are made in advance?

b. Payments are made in at end of period?