D. Given the following X-Corp.'s plan to retire their debt at uneven interval, perform the following tasks by applying appropriate techniques/methods where necessary in H. Keep in mind that it is absolutely essential for you to figure out even the highlighted areas other than questions, though not directly asked, to correctly perform the task. The answer choices are found at the end of the problem group. 30 Principal Bal APR simple time (in days) time (in exact yrs) S Interest PMT Princi Pald FV (Maturity Value) 24,000.00 4.75% 700.00 $ 390.68 4.75% 55 $ 2,000.00 $ 1.832.45 4.75% 011 a. 23,409.32 b . 21,576.87 c. 109.32 d. 21,661.11 e. 167.55 E. Given the following X-Corp.'s customized CD holdings, perform the following tasks by applying appropriate techniques/methods where necessary in K. Keep in mind that it is absolutely essential for you to figure out even the highlighted areas other than questions, though not directly asked, to correctly perform the task. The answer choices are found at the end of the problem group. FY effective Maturity SInterest (Maturity Value) (APY) Principal APR comp (in yrs) frequency $ Q12 112.78 360 1,500.00 7.25% Q13 014 48,000.00 6.50% a. 6.66 b. 360 c. 1,612.78 d. 70,673.18 e. 22,673.18 3. Logically and mathematically reason out the solution, and formulate computer-based models to solve the problems (Computer model Optional): a. Warren borrowed $14.000 on a noninterest-bearing simple discount. 4.5% 60 day note. Assume ordinary interest. What are: 1. The maturity value, ii. Bank's discount, iii. Warren's proceeds iv. Effective interest rate to the nearest 100th? 6. Lionel deposits $7.000 in Victory bank, which pays 49% interest compounded semiannually. How much Will Lone have in his account at the end of 8 years? c. Find the effective rate (APY) for the year given the principal $8.000 interest rate 6% and compounded quarters Round to the nearest 100 d. Bill needs $40,000 6 years from now to attend college. How much must Bill put in the bank every three months (8% compounded quarterly) to reach his goal? e. Bob wants to buy his grandson a Ford Taurus in 4 years. The cost of the car is $28,000. Assuming a bank rate of 4% compounded quarterly, how much must Bob put in the bank quarterly? f. Bernie wants to retire to California when she is 60 years of age. Bernie is 40 now. She believes that she will need $900,000 to retire comfortably. To date, Bernie has set aside no retirement money. If Bernie gets 8% compounded semiannually, how much must she invest today to meet her $900,000 goal
