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Show me the values you use for N, Interest, PV, FV and PMT. 1. You want to buy a new car today for $15,000. The
Show me the values you use for N, Interest, PV, FV and PMT.
1. You want to buy a new car today for $15,000. The finance office at the dealership quotes you 12% annual rate on a 24-month loan. What is your monthly car payment? $706.10 22 FU150 SO 1.122 121 ro 18,8 16 15 OD 2. Trickle Corporation's bonds have a 12% coupon rate, $1,000 par, and mature in 25 years. Interest is paid semi-annually. The bonds are callable at a price of $1,100 five years from now. They currently sell for $1,230 in the market. What is the bonds' approximate yield to call? 8% bi You have just been offered a $1,000 par-value bond for $848. The coupon rate is 7% and there are 15 years to maturity. Interest is paid semi-annually. a. If If the going rate of interest is 10%, what is the value of this bond? $769.41 Should you purchase this bond? WhyStep by Step Solution
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