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Help with this question please Ten years ago, I purchased a bond for $1.150. This bond has a 30-year maturity, a $1,000 par value, a
Help with this question please
Ten years ago, I purchased a bond for $1.150. This bond has a 30-year maturity, a $1,000 par value, a 12% coupon rate, and semiannual interest payments. I will receive the face value in a lump sum when the bond matures. The yield of maturity of the bonds is given as 6% compounded semiannually Using the information above, determine the current market value of the bond, If I lend $30,000 to my friend at 5% per year simple interest, what compound interest rate would yield the same amount of money received in year 10? You purchased $100,000 worth horizontal milling machine in your ongoing project. You expect to save labour costs by $40,000 in year 1. $55,000 in year 2 and $60.000 in year 3. This machine will have different operating hours over three years: 1.000 hours between year O(now) and year 1.3.500 hours between year 1 and year 2 and 2,000 hours between year 2 and year 3 Using the information above, determine the equivalent savings per machine hour at MARR-5%Step by Step Solution
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