Question $1(10$ marks$)$

Respond to the accounting situations below using your financial calculator. Show your financial calculator inputs. Use of tables is not acceptable. All rates are expressed as an annual rate. Round mathematically to the nearest dollar.

Required

Calculate the following on your financial calculator. Show your calculations for possible partial marks.

A$.$Present value of a payment of $$500,000$ that you will receive $12$ years from now at $3\mathrm{.}8\%.(2$ marks$)$

B$.$The future value of a deposit today of $$500,000$ to be received $15$ years from now compounded twice yearly at an annual rate of $4\%.(2$ marks$)$

C$.$The present value of a series of equal yearly payments of $$50,000$ at $2\mathrm{.}5\%$ for $20$ years with payments received at the end of the year. $(3$ marks$)$

D$.$The price of a $20-$year, $$1,000,000$ bond with a coupon rate of $4\mathrm{.}2\%$ and a market $($yield$)$ rate of $3\mathrm{.}8\%$ with interest paid twice per year. $(3$ marks$)$