Q5) If you deposit $54.00 into an account paying 11.93% annual interest compounded quarterly, how many years until there is $14,743.00 in the account? (1.5 points)
Q6) If you deposit $53,529.00 at 14.16% annual interest compounded quarterly, how much money will be in the account after 15.0 years? (1.5 points)
Q7) If you deposit $1,006.00 into an account paying 18.24% annual interest compounded monthly, how many years until there is $23,141.00 in the account? (1.5 points)
Q8) What is the value today of receiving a single payment of $12,748.00 in 7.0 years if your required rate of return on this investment is 16.75% compounded semi-annually? (1.5 points)
Q9) If you deposit $487.00 at 27.05% annual interest compounded daily, how much money will be in the account after 8.0 years? (Assume that there are 364 days in a year and show your answer to the nearest cent) (1.5 points)
Q10) Suppose you deposit $892.00 today, $455.00 in one year, and $752.00 in two years in an account that pays an annual rate of interest of 12.67% . How much money will be in the account after three years? (1.5 points)
Q15) You would like to purchase a car for $7,402.00 . If the car loan is 7.97% financed over 3.0 years, what will the monthly payments be for this car? (1.5 points) Q18) You invest $538.00 at the beginning of every year and your friend invests $538.00 at the end of every year. If you both earn an annual rate of return of 10.02% , how much more money will you have after 11.0 years? (2 points) | | Q19) You currently have $4,802.00 in a retirement Savings account that earns an annual return of 12.58% . You want to retire in 41.0 years with 1,000,000. How much more do you need to Save at the end of every year to reach your retirement goal? (2 points) | | Q20) You currently owe $4,735.00 of your credit card that charges an annual interest rate of 18.96% . You make $198.00 of new charges every month and make a payment of $201.00 every month. What will your credit card balance be in three months? (2 points) | | Q21) You would like to retire in 14.0 years. The expected rate of inflation is 1.08% per year. You currently have a standard of living that requires $5,494.00 of 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? (2 points) | | Q22) You purchases a house for $170,762.00 . 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 of 4.05% . Mortgage payments are made monthly. What is the monthly amount of your mortgage payment? (2 points) | | Q23) A 1,000 par value bond that pays interest annually just paid $87.00 in interest. What is the coupon rate? (1.5 points) | | Q24) An 5.02% coupon, 19.0 -year annual bond is priced at $919.00 . What is the current yield for this bond? (1.5 points) | | Q25) What is the price of a 1,000 par value semi-annual bond with 18.0 years to maturity and a coupon rate of 7.52% and a yield-to-maturity of 9.72% ? (1.5 points) | | Q26) What is the price of a 1,000 par value, 8.0-year, annual bond with a 8.11% coupon rate and a yield to maturity of 7.69% ? (1.5 points) | | Q27) You bought a 18.0-year, 7.11% semi-annual coupon bond today and the current market rate of return is 6.41%. The bond is callable in 7.0 years with a $80.00 call premium. What price did you pay for your bond? (2.0 points) | | Q28) A 3.69% coupon, 11.0 -year annual bond has a yield to maturity of 6.98% . Assuming the par value is 1,000 and the YTM does not change over the next year, Compute the following: | a) Price of the bond today (1 point): | b) Price of the bond in one year (1 point): | c) Capital gains yield (1 point): | d) Current Yield (1 point): | |