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Solve the following. Show your SOLUTIONS. (5 points each) 1.) Compute the future value of a salary loan worth P35 000 at 8% for 3

Solve the following. Show your SOLUTIONS. (5 points each)

1.) Compute the future value of a salary loan worth P35 000 at 8% for 3 years and 6 mouths.

2.) Calculate the current yield of UVW Company's bond with a coupon rate of 14% curently selling at a premium of 105. The par value of the bond is P1 000 000.

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