How do I solve these questions on a step by step basis?

17. A 16-year, 4.5 percent coupon bond pays interest annually. The bond has a face value of $1,000. Wha maturity rises to 5.7 percent from the current rate of 5.5 percent? a. 2.14 percent decrease b. 97 percent i c. 0.21 percent increase d. 2.14 percent increase e. .97 percent decrease a. t is the percentage change in the price of this bond if the yield to d. 18. The James Co. plans on saving money to buy some new equipment. The company is opening an account today with a deposit of $15,000 and expects to earn 4% interest. After 3 years, the firm wants to add an additional S50,000 to the account. If the account continues to earn 4%, how much money will the James Co. have in their account five years from now? a. $66,872.96 b. $68,249.79 c. $70,952.96 d. $72,329.79 e. $81,361.18 19. What is the future value at the end of year 3 of the following set of cash flows if the interest rate is 14%? Year Cash Flow $900 e. $400 S600 $700 a. $649.32 b. -$268.88 d. $316.72 e. $469.23 Jamie owes $21,750 at a 5% rate of interest. The minimum amount that she must pay monthly is $230.69. How much faster can she pay off this loan if she makes monthly payments of $300.00? 20, a. 1.68 years sooner b 2.54 years sooner c. 2.79 years soonen d. 2.93 years sooner e. 3.01 years sooner 21, a. b. c. d. e. Mayflower, Inc. has some 7% semi-annual coupon bonds on the market selling at $1,012. The bonds have 9 years left to maturity. What is the effective annual yield on these bonds? 6.82% 6.91% 6.94% 7.04%) 7.12%