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1. You are contributing money to an investment account so that you can purchase a house in five years. You plan to contribute
Suppose 10-year T-bonds have a yield of 5.30% and 10 year corporate bonds yield 6.75%. Also, corporate bonds have a 0.21% liq
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Answer #1

1.

Given,

Annual payments (A) = $ 3000

Number of years (n) = 5 years

Interest rate (r) = 11% or 0.11

Solution :-

since the first payment is made to day, you are earning the interest on 5 payments only. The 6th payment is made at the end othe to s future value of the answer. payments. get ردا ۸ Future Value of annual Payments of sunnual - Ą [1+2) – J - $3.000 (1

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