Q1.

How much money do you need to invest TODAY if you want to have $213,599 in 15 years.

Assume an interest rate of 6% per annum. Round to the nearest whole dollar (ignoring the $ sign).

Q2.

An investor originally borrowed $116,423 to buy a new house for their family and have been making monthly repayments of $637.

The bank has been charging 5.59% pa over this time.

Calculate how much money the investor owes the bank (PV) if there are 7 years remaining.

Calculate to TWO decimal places ignoring $ sign and cashflow

Q3.

You borrowed $233,532 to buy a property and the bank applied an interest rate of 8.88% p.a compounding monthly.

Your loan was approved over 6 years.

Q4.

You originally borrowed 188,973 to buy a house and have been making monthly repayments of $593.

The bank has been charging you 8.72% pa.

Calculate how much money you owe the bank if there are 5 years remaining.

Calculate to the nearest whole dollar ignoring $ sign and cashflow direction.

Q5.

Matthew needs to save $9,395 and can earn an interest rate of 6% compounding semi-annually.

If Matthew has $1,152 today how many periods will it take for Matthew to reach his goal ?

Round to TWO decimal places.

Q6.

A $1000 face value bond currently has a yield to maturity of 5.76%pa. The bond matures in 7 years and pays interest semi-annually. The coupon rate is 6.2%. What is the current price of this bond?

Round to TWO decimal places ignoring $ sign and cashflow direction