Question 1: For the following ordinary annuity, determine the size of the periodic payment.

Future Value	Present Value	Payment Period	Term of Annuity	Interest Rate	Conversion Period
	$19,900.00	1 quarter	10.75 years	11.5%	quarterly

The payment is..

QUESTION 2: Find the nominal annual rate of interest for the following investment.

Principal	Future Value	Time Due	Frequency of Conversion
$1583.00	$2764.55	7 years	semi-annually

The nominal annual rate of interest is % compounded semi-annually.

Question 3: Determine the purchase price at the indicated time before maturity of the following bond redeemed at par shown in the table below.

Par Value	Bond Rate Payable Semi-Annually	Time Before Maturity	Yield Rate	Conversion Period
$6,000	10%	5 years	11%	semi-annually

The purchase price of the bond is..