Chris borrowed $30,000 for 15 years at 5.9 percent compounded semiannually. What will the ending balance be after Chris has made one year of payments?

PPR Corporation plans to begin paying dividends in 10 years. The first five dividends will be as follows: D₁₀ = $4.94, D₁₁ = $4.79, D₁₂ = $4.50, D₁₃ = $4.19, and D₁₄ = $3.85 respectively. After five years of dividend payments, dividends are expected to grow at a constant rate of 5.00 percent forever. PPR's required rate of return is 14.00 percent. What is the current price (P₀) of PPR common stock?