You own a $50,000 corporate bond with a bond interest rate of 6% payable monthly that is

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You own a $50,000 corporate bond with a bond interest rate of 6% payable monthly that is due 10 years from now. If you want to sell it today and realize a rate of return of 12% per year com- pounded monthly, the amount you must receive is closest to:

1. The present worth of machine X is closest to:

a. $−65,270

b. $−87,840

c. $−103,910

d. $−114,310

2. In comparing the machines on a present worth basis, the present worth of machine Y is closest to:

a. $−65,270

b. $−97,840

c. $−103,910

d. $−114,310

3. The capitalized cost of machine X is closest to:

a. $−103,910

b. $−114,310

c. $−1,039,080

d. $−238,580

Related Book For answer-question

Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank,Anthony Tarquin

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Posted Date: Jul 12, 2021 04:16 PM

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You own a $50,000 corporate bond with a bond interest rate of 6% payable monthly that is

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