Question: Chapter 7 Student Wells Inc. will pay $ 1 2 5 , 0 0 0 in annual loan payments for 1 0 years to buy

Chapter 7
Student
Wells Inc. will pay $125,000 in annual loan payments for 10 years to buy a company jet. Their cost of borrowing is 6%. How much is the bank loan? Show work or calculator inputs.
A bond is quoted below. Calculate the yield to maturity using formulas or your calculator. (The coupon is paid semi-annually).
HINT: You have to make up the future value yourself, based on the Bid.
Manulife Financial
\table[[Coupon,Maturity,Bid $ Yield],[5.052,0224?2036,107.53]]I need answwr for both thus two wustions
Chapter 7 Student Wells Inc. will pay $ 1 2 5 , 0

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