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All homework must be completed using an Excel spreadsheet. Consider a 12-year...

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Finance

All homework must be completed using an Excel spreadsheet.

  1. Consider a 12-year ordinary annuity that pays $2,500 per month with the first payment made one month from now. If the appropriate discount rate is 14 percent compounded semiannually, what is the value of this annuity 3 years from now?

  2. Consider the series of uneven cash flows below:

    End of Month June July August September October November
    Cash Flow $230,000 $160,000 $275,000 $320,000 $25,000 $773,000

    If the effective annual rate (EAR) is 8.3 percent, what is the future value of the cash flows at the end of November?

  3. A 5-year deferred annuity makes quarterly payments beginning 2 years from now. If the present value of the annuity is $5,900,000 and the discount rate is 3.17 percent compounded quarterly, what are the quarterly payments?

  4. A 30-year 6.75 percent bond makes semiannual interest payments. If the bond currently sells for $1104.53, what is its yield to maturity (YTM)?

  5. Audra purchased a 2.4 percent bond which settled on 4/6/2020 and matures on 4/6/2035. If the bond makes semiannual interest payments and currently sells for $859, what is its yield to maturity (YTM)?

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