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SHOW ALL WORK USING EXCEL OR A FINANCIAL CALCULATOR. 1. It is January 1, 2018 you deposit $1000. Into a savings account that pays
SHOW ALL WORK USING EXCEL OR A FINANCIAL CALCULATOR. 1. It is January 1, 2018 you deposit $1000. Into a savings account that pays 8% APR If the bank compounds interest annually, how much will you have in that account 3 years from now on January 1, 2021? 2. VERIZON issued a new series of bonds to supply FIOS (fiber optics) on January 1, 1994. They were sold at Par$1000. And had a 12% cupon. They mature in 30 years on 12/31/2033 The cupon payments are made semi-annually (June30 and Dec 31). A. What was the YTM on January 1, 1994 B. What was the price of the bonds on January 1, 1999 Five years later, assume interest rates had fallen 10%.
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