1. Sunland Company will invest $77000 every January 1st for the next six years (2017 - 2022). If Sunland will earn 9% on the investment, what amount will be in the investment fund on December 31, 2022?

Question 4

The following information pertains to Camp Corp.'s issuance of bonds on July 1, 2017:

Face amount $800,000

Term 10 years

Stated interest rate 6%

Interest payment dates Annually on July 1

Yield 9%

At 6% At 9%

Present value of 1 for 10 periods 0.558 0.422

Future value of 1 for 10 periods 1.791 2.367

Present value of ordinary annuity of 1 for 10 periods: 7.360 6.418

What should be the issue price for each $1,000 bond?