q7,q8,q9

Question 7 ( Ryan wants $54000 after 15 years. The interest rate available on a specific investment, which he is interested in, is 11% per annum. How much he should invest today to receive the desired amount? (Show your calculations) Question 8 John has $35000 as savings and he wants to invest them. He has two options to invest in. Option 1: This offers 5% interst rate for 5 years. Options 2: This offers 3% interest rate for 8 years. As an expert of such investments, assist John which option should he choose for his investment. (Show your calculations) Question 9 ( A $1845 face value bond with an 116% coupon rate is issued. What amount of interest will the bondholders receive? (Show your calculations)