Q1/Your friend just bought a new car for $32,027. You expect that the value of the car will decline by 5 percent every year. What will be the value of the car in 11 years?

Q2/Your neighbor has gotten into some serious credit card debt, and currently owes $16,341 with an interest rate of 14% APR. Making the minimum payment of $489 per month, how long will it take to pay off this loan? Enter answer in months, to two decimal places.

Q3/The Boston Clothing Co. has $1,000 face value bond outstanding with a market price of $959. The bond pays interest annually, matures in 10 years, and has a yield to maturity of 7.5 percent. What is the coupon rate? (Enter rate in percents, accurate to two decimal places.)

Q4/GDebi, Inc. plans to issue 4.4 percent coupon bonds, with annual coupon frequency, 8 years to maturity and $1000 face value. If the prevailing market yield on bonds of similar riskiness and maturity is 9.6 percent, what would be the market price of GDebi's bonds?

Q5/HexChat, Inc. has issued 16 year bonds 3 years ago. The bonds pay semiannual coupons, with a coupon rate of 4.1 percent, and $1000 face value. If your required return on this investment is 7.8 percent APR, how much would you be willing to pay for this bond?