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ou are purchasing a new car and need to borrow $37,000. The bank offers car loans for a term of 3 years with monthly payments

ou are purchasing a new car and need to borrow $37,000. The bank offers car loans for a term of 3 years with monthly payments at an APR of 8.1% compounded monthly. What is your monthly payment? (7 marks 1 mark for correct computation here, 6 marks for workings uploaded as part of Question 15) 1 points QUESTION 13 Virology Ltd bonds were issued 10 years ago with a coupon rate of 6% and a face value of $1000. Under current market conditions, the market yield for these Virology Ltd bonds is 3.7%. There are currently exactly 12 years remaining until these bonds mature. Coupons are paid semi-annually and all interest rates are quoted as APRs with semi-annual compounding. What are the Virology Ltd bonds worth today? (7 marks 1 mark for correct computation here, 6 marks for workings uploaded as part of Question 15) 1 points QUESTION 14 Two years have passed since you purchased the Virology Ltd bond in Question 13. The market yield for the bond is now 6.5% (APR, compounded semi-annually). If you sell the bond today, you will receive $, and your realised return over the two year holding period will be %. Enter the bond price to the nearest cent ($0.01), and express the holding period return as an APR, compounded semi-annually to four decimal places (12.3456%). (11 marks 2 marks for correct computation here, 9 marks for workings uploaded as part of Question 15)

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