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WHAT IS THE MOST DIRECT (PVA) Present Value of an Annuity METHOD TO CALCULATE THE FOLLOWING QUESTION: A 1. A cash flow of $856.65 is

WHAT IS THE MOST DIRECT (PVA) Present Value of an Annuity METHOD TO CALCULATE THE FOLLOWING QUESTION:

A 1. A cash flow of $856.65 is paid 123 times per year for the next 8 years. The NAR2 is 5%. What is the present value of this series?

Pl Please answer this question to the closest cent. CORRECT ANSWER: 696,211.64

Q 2. A bond pays a semi-annual coupon. The coupon rate is 28.23%. The NAR₂ is 23.5%. The bond matures in thirty years. The face value is $100,000. What is the bond value?

CORRECT ANSWER: $120,102.02

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