Question: Could you please show how to solve these problems using a finance calculator. y Bank pays 6 percent imple interest on its savings account balances,

 Could you please show how to solve these problems using a Could you please show how to solve these problems using a finance calculator.

y Bank pays 6 percent imple interest on its savings account balances, wh lles Second City Bank pays 6 percent interest compounded annually you made a deposit of $10,000 in each bank, how much more money earn from the Second City Bank account at the end of 20 years? 10. If A. Less than $5,000 $5,000 to $10,000 10,000 to $15,000 $15,000 to $20,000 More than $20,0o0 32,0 71.3 10,0047 1. If you made a deposit of$5,000 in a bank that pays you 7.75% interest, compounded annually, how much will you have at the end of eight years? A. Less than $7,000 B. $7,000 to $8,000 C. $8,000 to $9,000 $9,000 to $10,00o E. More than $10,000 12. You need to have $15,000 to attend graduate school in four years. If you can earn 6% interest, compounded monthly, how much do you need to contribute every month to meet your goal? Less than300 B. $300 to $350 C. $350 to $400 D. $400 to $500 E. More than $50o 1 I .AS ?2 13. Calculate the Fair Market Value (FMV) for a 10-year bond with a coupon rate of 6 (YTMs) of 5%. For simplicity, assume annual cash flows. Less than $700.00 Bonds with similar risk have Yields-to-Maturity %. B $800.00 to $800,00 PM4t .6( t)/ 1000 C. $800.00 to $900.00 $900.00 to $1,000.00 More than $1,000.00 14. Calculate the Yield-to-Maturity (YTM) for a 10-year bond with a coupon rate of 5% that is priced at $850, that is 85% of par. For simplicity, assume annual cash flows A. Less than 6.00% B. 6.00% to 7.00% C. 7.00% to 8.00% D. 8.00% to 9.00% More than 900

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