Please answer questions. Thanks.

Chapter 7

Problem 4:

Assume personal income was $28 million last year. Personal outlays were $20 million and personal current taxes were $5 million.

What was the amount of disposable personal income last year?

What was the amount of personal saving last year?

Calculate personal saving as a percentage of disposable personal income.

Chapter 8:

Problem 4:

A thirty-year U.S. Treasury bond has a 4.0% interest rate. In contrast, a ten-year Treasury bond has an interest rate of 3.7%. If inflation is expected to average 1.5% points over both the next ten years and thirty-years, determine the maturity risk premium for the thirty-year bond over the ten-year bond.

Chapter 9:

Problem 6:

Determine the present values if $5,000 is received in the future (i.e. at the end of each indicated time period) in each of the following situations:

5% for ten years

7% for seven years

9% for four years