Please help me understand how to solve math problems like this, thank you

When Marilyn Monroe died, ex-husband Joe DiMaggio vowed to place fresh flowers on her grave every Sunday as long as he lived. The week after she died in 1962, a bunch of fresh flowers that the former baseball player thought appropriate for the star cost about $5. Based on actuarial tables, Joltin Joe could expect to live for 38 years after the actress died.

Assume that the EAR is 10. 4 percent. Also, assume that the price of the flowers will increase at 3.6 percent per year when expressed as

Assume that each year has exactly 52 weeks an EAR. Whats the present value?

and Joe began purchasing flowers the week after Marilyn died.

Chamberlain Company wants to issue new 17-year bonds for some much-needed expansion projects. The company currently has 11.0 percent coupon bonds on the market that sell for $1.098.37, make semiannual payments, and mature in 17 years. What coupon rate should the company set on its new bonds if it wants them to sell at par? Assume a par value of $1,000. Multiple Choice 9.70% O O 4.90% O 9.50% 10.10% O O 9.80% Check my mo When Marilyn Monroe died, ex-husband Joe DiMaggio vowed to place fresh flowers on her grave every Sunday as long as he lived. The week after she died in 1962, a bunch of fresh flowers that the former baseball player thought appropriate for the star cost about $5. Based on actuarial tables. "Joltin' Joe" could expect to live for 38 years after the actress died. Assume that the EAR is 10.4 percent. Also, assume that the price of the flowers will increase at 3.6 percent per year, when expressed as an EAR. Assuming that each year has exactly 52 weeks, what is the present value of this commitment? Joe began purchasing flowers the week after Marilyn died. Multiple Choice $3.835.58 $3,61215 O O $3.910.06 $3,53767 On Screen Keyboard $3,723 86 - 1 2 3 4 5 6 7 8 9 0 Home POUP