Find the effective rate corresponding to the following nominal rates. 30. 6% compounded quarterly.
Answer to relevant QuestionsFind the present value of the following future amounts: If money can be invested at 6% compounded annually, which is larger, $10,000 now or $15,000 in 6 years? Use present value to decide.What is the future value of $1,200 a year for 40 years at 8 percent interest? Assume annual compounding.A kind and caring politician offers to pay you $500 million in 300 short years. Because this politician is from the political party you vote for, you believe that the amount will be paid with certainty. a. How much is this ...Filer manufacturing has 9.6 million shares of common stock outstanding. The current share price is $46, and the book value per share is $4. Filer manufacturing also has two bond issues outstanding. The first bond issue has a ...1. ABC has $1,000 face value bonds outstanding. These bonds pay interest semi-annually, mature in 10 years, and have a 7.5 percent coupon. The current price is quoted at 99.59 percent of par value. What is the yield to ...
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