1. Prepare the first row of a loan amortization schedule based on the following information.The loan amount is for$6,308.00with an annual interest rate of11.43% . The loan will be repaid over3.0years with monthly payments.

a) Loan paymentb) Interest portion c) Principle portion d) Loan balance after first monthly payment

2, What is the most you would be willing to pay for a investment that will pay you$164.00in one year,$938.00in two years, and$105.00in three years, if your required rate of return for this type of investment is22.17% ?

3, Suppose you signed a contract for a special assignment over the next17.0years.You will be paid$9,907.00at the end of each year.If your required rate of return is5.45% , what is this contract worth in today?

4, You need a loan to purchase new equipment.The loan will be paid off over13.0years with payments made at the end of every quarter.If the stated annual rate is8.11%and quarterly payments are$507.00 , what is the loan amount?

5, You would like to purchase a car for$17,603.00 .If the car loan is11.98%financed over4.0years, what will the monthly payments be for this car?

6, What is the most that you would pay for an investment that promises to pay$18,183.00a year forever with the first payment starting one year from now?Assume that your required rate of return for this investment is20.32% .

7, A loan has a stated annual rate of 5.26% . If loan payments are made monthly and interest is compounded monthly, what is the effective annual rate of interest?

8, You invest $2,234.00at the beginning of every year and your friend invests$2,234.00at the end of every year.If you both earn an annual rate of return of9.71% , how much more money will you have after 19.0years?

9, You currently have$1,056.00in a retirement Savings account that earns an annual return of6.28% .You want to retire in46.0years with 1,000,000. How much more do you need to Save at the end of every year to reach your retirement goal?

10, You currently owe$2,240.00of your credit card that charges an annual interest rate of17.66% . You make$147.00of new charges every month and make a payment of$223.00every month.What will your credit card balance be in three months?

11, You would like to retire in32.0years.The expected rate of inflation is1.54%per year.You currently have a standard of living that requires$7,875.00of monthly expenses.Assuming you want to maintain the Same standard of living in retirement, what are your monthly expenses expected to be the first year of retirement?

12, You purchases a house for$100,950.00 .You made a down payment of 20,000 and the remainder of the purchase price was financed with a mortgage loan.The mortgage loan is a 30 year mortgage with an annual interest rate of6.46% .Mortgage payments are made monthly.What is the monthly amount of your mortgage payment?

13, A 1,000 par value bond that pays interest annually just paid$102.00in interest. What is the coupon rate?

14, An9.44%coupon,14.0 -year annual bond is priced at$913.00 . What is the current yield for this bond?

15, What is the price of a 1,000 par value semi-annual bond with13.0years to maturity and a coupon rate of5.89%and a yield-to-maturity of5.44% ?

16, What is the price of a 1,000 par value, 8.0-year, annual bond with a 4.09% coupon rate and a yield to maturity of 5.09% ?

17, You bought a29.0-year, 8.10% semi-annual coupon bond today and the current market rate of return is7.60%.The bond is callable in 7.0 years with a $87.00 call premium.What price did you pay for your bond?