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please answer all parts of the question. 2. (15 points) Solve the following: a) Find the present value of $11,200 per year for 10 years
please answer all parts of the question.
2. (15 points) Solve the following: a) Find the present value of $11,200 per year for 10 years with the first payment at the end of the first year at 5% interest. b) How long will it take to repay a 12% loan of $540,000 if $87,000 is paid at the end of each year. c) What would be the quarterly payment on a $205,000 25 year loan at 5% annual interest d) Find the value of a $1,000 bond paying $58 every six months and maturing 8 years from now if the current rate of interest is 13% semiannually. e) Find the yield on a non-callable $1,000 par value, 35 year, 4.75% bonds with semiannual payment selling for $827. A B D E F G Problem 2 H 1 2 3 4 5 6 7 m200 8 B D E 9 10 11 Rate 12 Nper 13 Pmt 14 PV 15 FV 16 Type 17 18 19 Step by Step Solution
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