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solved using the future value of a lump sum formula introduced in this class? a . Scottie purchases a 1 0 - year certificate of

solved using the future value of a lump sum formula introduced in this class?
a.
Scottie purchases a 10-year certificate of deposit (CD) that pays 8.8% per annum compounded quarterly. He wishes to know how much he will have when the CD matures.
b.
OG must repay $ 5000 in three years. Money is worth 16% p.a. compounded quarterly. He wishes to know how much he should pay to settle the debt today.
c.
Yuta is considering the purchase of a corporate bond promising to pay $1,000 five years from now. The going interest rate on 5-year bonds is at 5.5%. He wishes to know how much he should pay for the bond.
d.
Chris is setting up a college fund for her niece. He wants her to have $30,000 in 10 years. The college savings fund earns interest at a nominal rate of 4.5% convertible semi-annually. He wishes to know how much he should deposit in the fund today.
e.
Malachi owns a treasury bond that will pay $2,500 five years from now. The going interest rate on 5-year treasury bonds is 5.25%. He wishes to know how much he should agree to sell the bond today.

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