Calculate: 1. The size of the periodic sinking fund payment. 2. The balance in the sinking fund at the time indicated in the last column. (Round the sinking fund payment to the nearest dollar before calculating the balance.) End-of-term amount of sinking fund ($ millions) = 5 Terms (years) = 10 Sinking fund rate of return (%) = 5.75 Payment and compounding interval = 1 year Payment at beginning or end of interval = Beginning Calculate balance at the end of interval = 8
> What is 2.75% of $2.75?
> What is 33 1 3 % of $1527?
> Evaluate expressions to six-figure accuracy. 1 − 1.0225 − 20 0.0225
> Evaluate, accurate to the nearest cent or two decimal places. $ 550 ( 1 + 0.115 2 ) 4
> Evaluate, accurate to the nearest cent or two decimal places. $ 15,400 ( 1 + 0.13 12 ) 6
> Evaluate, accurate to the nearest cent or two decimal places. $ 950.75 ( 1 − 0.095 4 ) 2
> Evaluate, accurate to the nearest cent or two decimal places. $ 650 ( 1 + 0.105 2 ) 2
> Evaluate, accurate to the nearest cent or two decimal places. $ 10,000 1 − 0.10 × 182 365
> Evaluate, accurate to the nearest cent or two decimal places. $ 3490 1 + 0.125 × 91 365
> Evaluate, accurate to the nearest cent or two decimal places. $ 790.84 1 + 0.13 × 311 365
> Evaluate, accurate to the nearest cent or two decimal places. $ 1447 ( 1 + 0.18 2 ) 3 ( 1 + 0.21 3 ) 2
> Evaluate, accurate to the nearest cent or two decimal places. 1 ( 1 + 0.22 ) 3
> Evaluate, accurate to the nearest cent or two decimal places. $ 454.76 ( 1 − 0.105 × 11 12)
> Evaluate expressions to six-figure accuracy. ( 1.008 3 ¯ ) 30 − 1 0.008 3 ¯
> Evaluate, accurate to the nearest cent or two decimal places. $ 100 ( 1 + 0.11 × 5 12 )
> Evaluate, accurate to the nearest cent or two decimal places. $ 92 ( 1 + 0.095 × 112 365 )
> Convert fractions and mixed numbers to its decimal equivalent and percent equivalent values, rounded to five figures. 0.095 12
> Convert fractions and mixed numbers to its decimal equivalent and percent equivalent values, rounded to five figures. 0.11 12
> Convert fractions and mixed numbers to its decimal equivalent and percent equivalent values, rounded to five figures. 15 365
> Convert fractions and mixed numbers to its decimal equivalent and percent equivalent values, rounded to five figures. 250 365
> Convert fractions and mixed numbers to its decimal equivalent and percent equivalent values, rounded to five figures. 2 5 9
> Convert fractions and mixed numbers to its decimal equivalent and percent equivalent values, rounded to five figures. 1 60
> Convert fractions and mixed numbers to its decimal equivalent and percent equivalent values, rounded to five figures. 7 6
> Convert fractions and mixed numbers to its decimal equivalent and percent equivalent values, rounded to five figures. 1 6
> Evaluate expressions to six-figure accuracy. 1.03 16 − 1 0.03
> Round it to four-figure accuracy. 0.0090909
> Round it to four-figure accuracy. 40.09515
> Round it to four-figure accuracy. 0.030405
> Round it to four-figure accuracy. 1.0023456
> Round it to four-figure accuracy. 1000.49
> Round it to four-figure accuracy. 0.5545454
> Evaluate: $ 300 [ 1 − 1 ( 1 + 0.03 ) 2 0.03 ]
> Evaluate: $ 100 [ ( 1 + 0.04 ) 2 − 1 0.04]
> Evaluate: $1000(1 + 0.02)3
> Evaluate: $ 500 ( 1 + 0.05 ) 2
> Evaluate expressions to six-figure accuracy. ( − 2 3 ) 3 ÷ ( 3 2 ) − 2
> Evaluate: $ 200 1 + 0.09 × 4 12
> Evaluate: $ 100 ( 1 + 0.06 × 45 365 )
> Evaluate: 5[19 + (52 − 16)2]2
> Evaluate: [(20 + 8 × 5) − 7 × (−3)] ÷ 9
> Evaluate: (4 × 3 − 2)2 ÷ (4 − 3 × 22)
> Evaluate: 3(6 + 4)2 − 5(17 − 20)2
> Evaluate: ( 8 − 4 ) 2 4 − 2 3
> Evaluate: 8 2 − 4 2 ( 4 − 2 ) 3
> Evaluate: 5 + (32 − 3)2 ÷ (9 + 3)
> Evaluate: (54 − 36) ÷ (4 + 2)2
> Evaluate expressions to six-figure accuracy. ( 2 3 ) 3 ( − 3 2 ) 2 ( − 3 2 ) −3
> Evaluate: (5 + 3)2 − 32 ÷ 9 + 3
> Calculate: 1. The size of the sinking fund payment at the end of every six months. 2. The annual cost of the debt. 3. The book value of the debt at the end of the indicated interval. (Round the sinking fund payment to the nearest dollar before calculatin
> Calculate: 1. The size of the periodic sinking fund payment. 2. The balance in the sinking fund at the time indicated in the last column. (Round the sinking fund payment to the nearest dollar before calculating the balance.) End-of-term amount of sinking
> Calculate: 1. The size of the periodic sinking fund payment. 2. The balance in the sinking fund at the time indicated in the last column. (Round the sinking fund payment to the nearest dollar before calculating the balance.) End-of-term amount of sinking
> Calculate: 1. The size of the periodic sinking fund payment. 2. The balance in the sinking fund at the time indicated in the last column. (Round the sinking fund payment to the nearest dollar before calculating the balance.) End-of-term amount of sinking
> Calculate: 1. The size of the periodic sinking fund payment. 2. The balance in the sinking fund at the time indicated in the last column. (Round the sinking fund payment to the nearest dollar before calculating the balance.) End-of-term amount of sinking
> Repeat Problem 29, with the change that the sinking fund payments are to be made at the end of every quarter. Data from Problem 29: A sinking fund is to be set up to provide for the repayment of 80% of the principal amount of a $1 million debt in 10 yea
> Calculate: 1. The size of the periodic sinking fund payment. 2. The balance in the sinking fund at the time indicated in the last column. (Round the sinking fund payment to the nearest dollar before calculating the balance.) End-of-term amount of sinking
> A sinking fund is to be set up to provide for the repayment of 80% of the principal amount of a $1 million debt in 10 years. Equal payments are to be made at the beginning of each quarter. The sinking fund will earn 7% compounded quarterly. Round the sin
> Evaluate expressions to six-figure accuracy. [ ( − 3 4 ) 2 ] − 2
> The town of Mount Hope is financing a $4.5 million upgrade to its water system through the province’s Municipal Finance Authority. The MFA obtained financing via a bond issue with interest at 7.5% per annum payable semiannually. Also, at the end of every
> Thermo-Tech Systems recently sold a $20 million bond issue with a 20-year maturity and a coupon rate of 7% compounded semiannually. The bond indenture contract requires Thermo-Tech to make equal payments at the end of every six months into a sinking fund
> Repeat Problem 25, with the change that the sinking fund payments are to be made at the end of every month. Data from Problem 25: To provide for the automation of a production process in five years, Dominion Chemicals is starting a sinking fund to accum
> To provide for the automation of a production process in five years, Dominion Chemicals is starting a sinking fund to accumulate $600,000 by the end of the five years. Round the sinking fund payments and the periodic interest earnings to the nearest doll
> For the bond sinking fund described in Problem 10, prepare a partial sinking fund schedule (including the book value of the debt) showing details of the first two and the last two payments. Round the sinking fund payments and periodic interest earnings t
> For the bond sinking fund described in Problem 9, prepare a partial sinking fund schedule (including the book value of the debt) showing details of the first two and the last two payments. Round the sinking fund payments and periodic interest earnings to
> For the sinking fund described in Problem 5, prepare a partial sinking fund schedule showing details of Payments 1, 2, 39, 40, 59, and 60. Round the sinking fund payments and periodic interest earnings to the nearest dollar. Data from Problem 5: Calcula
> For the sinking fund described in Problem 2, prepare a partial sinking fund schedule showing details of Payments 1, 2, 11, 12, 19, and 20. Round the sinking fund payments and periodic interest earnings to the nearest dollar. Data from Problem 2: Calcula
> Construct the complete sinking fund schedule. Calculate the total interest earned by adding up the “interest earned” column and by calculating the difference between the final balance in the fund and the total of the contributed payments. Round the sinki
> Calculate: 1. The size of the periodic sinking fund payment. 2. The balance in the sinking fund at the time indicated in the last column. (Round the sinking fund payment to the nearest dollar before calculating the balance.) End-of-term amount of sinking
> Evaluate expressions to six-figure accuracy. ( 44 ) ( 3− 3 ) ( − 34 )3
> What price should Vencap offer for the investment opportunity described in Problem 1 if it requires a 9% return on investment? Data from Problem 1: Vencap Enterprises is evaluating an investment opportunity that can be purchased for $55,000. Further pro
> Construct the complete sinking fund schedule. Calculate the total interest earned by adding up the “interest earned” column and by calculating the difference between the final balance in the fund and the total of the contributed payments. Round the sinki
> Construct the complete sinking fund schedule. Calculate the total interest earned by adding up the “interest earned” column and by calculating the difference between the final balance in the fund and the total of the contributed payments. Round the sinki
> Construct the complete sinking fund schedule. Calculate the total interest earned by adding up the “interest earned” column and by calculating the difference between the final balance in the fund and the total of the contributed payments. Round the sinki
> Calculate: 1. The size of the sinking fund payment at the end of every six months. 2. The annual cost of the debt. 3. The book value of the debt at the end of the indicated interval. (Round the sinking fund payment to the nearest dollar before calculatin
> Calculate: 1. The size of the sinking fund payment at the end of every six months. 2. The annual cost of the debt. 3. The book value of the debt at the end of the indicated interval. (Round the sinking fund payment to the nearest dollar before calculatin
> Calculate: 1. The size of the sinking fund payment at the end of every six months. 2. The annual cost of the debt. 3. The book value of the debt at the end of the indicated interval. (Round the sinking fund payment to the nearest dollar before calculatin
> Calculate: 1. The size of the sinking fund payment at the end of every six months. 2. The annual cost of the debt. 3. The book value of the debt at the end of the indicated interval. (Round the sinking fund payment to the nearest dollar before calculatin
> Calculate: 1. The size of the sinking fund payment at the end of every six months. 2. The annual cost of the debt. 3. The book value of the debt at the end of the indicated interval. (Round the sinking fund payment to the nearest dollar before calculatin
> Calculate: 1. The size of the sinking fund payment at the end of every six months. 2. The annual cost of the debt. 3. The book value of the debt at the end of the indicated interval. (Round the sinking fund payment to the nearest dollar before calculatin
> Calculate: 1. The size of the sinking fund payment at the end of every six months. 2. The annual cost of the debt. 3. The book value of the debt at the end of the indicated interval. (Round the sinking fund payment to the nearest dollar before calculatin
> Evaluate expressions to six-figure accuracy. 1.05 6
> Calculate: 1. The size of the periodic sinking fund payment. 2. The balance in the sinking fund at the time indicated in the last column. (Round the sinking fund payment to the nearest dollar before calculating the balance.) End-of-term amount of sinking
> A $1000, 6.5% coupon bond issued by Bell Canada matures on October 15, 2039. What was its flat price on June 11, 2020 if its yield to maturity was 4.75% compounded semiannually?
> Calculate the purchase price (flat) of $1000 face value bonds. Issue date = April 1, 2013 Maturity date = April 1, 2037 Purchase date = June 20, 2015 Coupon rate = 5.4 Market rate = 6.1
> Calculate the purchase price (flat) of $1000 face value bonds. Issue date = Dec 1, 2012 Maturity date = Dec 1, 2032 Purchase date = Mar 25, 2014 Coupon rate = 5.2 Market rate = 5.7
> Calculate the purchase price (flat) of $1000 face value bonds. Issue date = July 1, 2012 Maturity date = July 1, 2032 Purchase date = April 9, 2013 Coupon rate = 4.3 Market rate = 5.5
> Calculate the purchase price (flat) of $1000 face value bonds. Issue date = Aug 1, 2015 Maturity date = Aug 1, 2035 Purchase date = Dec 15, 2019 Coupon rate = 6.1 Market rate = 4.9
> Calculate the purchase price (flat) of $1000 face value bonds. Issue date = Sept 20, 2008 Maturity date = Sept 20, 2028 Purchase date = June 1, 2011 Coupon rate = 5.0 Market rate = 5.8
> Calculate the purchase price (flat) of $1000 face value bonds. Issue date = Jan 1, 2006 Maturity date = Jan 1, 2021 Purchase date = April 15, 2006 Coupon rate = 4.0 Market rate = 4.5
> A $5000, 7% coupon, 20-year bond issued on January 21, 2015, was purchased on January 25, 2016, to yield 6.5% to maturity, and then sold on January 13, 2017, to yield the purchaser 5.2% to maturity. What was the investor’s capital gain or loss: 1. In dol
> A $10,000, 14% coupon, 25-year bond issued on June 15, 2014, was purchased on March 20, 2017, to yield 9% to maturity, and then sold on April 20, 2020, to yield the purchaser 11.5% to maturity. What was the investor’s capital gain or loss: 1. In dollars?
> Evaluate expressions to six-figure accuracy. 84/3
> Using the bond price given in the second-to-last column of Table, verify the April 15, 2019, yield (to maturity) for the Ontario Hydro 8.90% coupon bond maturing August 18, 2020.
> Using the bond yield given in the final column of Table, verify the April 15, 2019, quoted price for the Province of British Columbia 3.70% coupon bond maturing December 18, 2020.
> Using the bond yield given in the final column of Table, verify the April 15, 2019, quoted price for the Province of Ontario 1.35% coupon bond maturing March 8, 2022.
> Page 592 Using the bond yield given in the final column of Table, verify the April 15, 2019, quoted price for the Province of New Brunswick 2.85% coupon bond maturing June 2, 2023.
> Calculate the purchase price (flat) of $1000 face value bonds. Issue date = March 15, 2002 Maturity date = March 15, 2027 Purchase date = Oct 5, 2008 Coupon rate = 5.5 Market rate = 6.0
> Calculate the quoted price on June 1, 2011 of the bond described in Problem 4. Data from Problem 4: Calculate the purchase price (flat) of $1000 face value bonds. Issue date = Sept 20, 2008 Maturity date = Sept 20, 2028 Purchase date = June 1, 2011 Coup
> Calculate the quoted price on April 15, 2006 of the bond described in Problem 3. Data from Problem 3: Calculate the purchase price (flat) of $1000 face value bonds. Issue date = Jan 1, 2006 Maturity date = Jan 1, 2021 Purchase date = April 15, 2006 Coup
> If a broker quotes a price of 108.50 for a bond on October 23, what amount will a client pay per $1000 face value? The 7.2% coupon rate is payable on March 1 and September 1 of each year. The relevant February has 28 days.
> A $5000 bond was sold for $4860 (flat) on September 17. If the bond pays $200 interest on June 1 and December 1 of each year, what price (expressed as a percentage of face value) would have been quoted for bonds of this issue on September 17?