1. You want to purchase a bond that has 5.6667 years(five years and eight months) left to maturity. It pays interest semiannually and has a coupon rate of 4.8% and a yield to maturity of 3.9%. Its face value is 1,000 and the next coupon payment is in 2 months. What is the actual price (invoice price) you would have to pay to purchase the bond?
2.  zero coupon bond (coupon rate = 0%) has five years to maturity. Its yield to maturity is 4.4% (assume annual compounding) and its face value is 1,000. If interest rates (and bond YTM) suddenly go down by 60 basis points (.6 percent of 1%), what is the predicted price of the bond immediately after the rate drop using the duration approximation?
3. Assume you invest $112 today and $318 in one year from today. If you earn a 10% annual rate of return, how much will your total investments be worth in five years from today? 
4. How many years will it take for a $1,000 investment made today to turn into $2,500? Assume you will earn a 5.5% APR return compounded twice per year.
5. A car can be bought for $33,000. If it's financed for five years using a 5.4% APR rate, how much will the monthly payment be?

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