An investor holds a Ford bond with a face value of $5,000, a coupon rate of 9%, and semiannual payments that matures on January 18, 2021. How much will the investor receive on January 18, 2021?

An investor has 6 years of monthly payments of $1,400 before she has paid off her house. If the interest rate is 6% APR, what is the remaining balance on her loan?

You are considering purchasing a new home. You will need to borrow $200,000 to purchase the home. A mortgage company offers you a 15-year fixed rate mortgage (180 months) at 0.55% per month. If you borrow the money from this mortgage company, your monthly mortgage payment will be closest to