Economics Homework Help
Today you obtain from the bank a loan of 12000$ to be repaid with 5 annual installments at the
Today you obtain from the bank a loan of 12000$ to be repaid with 5 annual installments at the
Get Your Custom Essay Written From Scratch
We have worked on a similar problem. If you need help click order now button and submit your assignment instructions.
Just from $13/Page
rate i = 13%. (1) Determine the installment (F P). (2) Imagine after 2 years you realize that you need a further 12000$ and you turn to the bank. What will be the new installment to pay? (10 points)Calculate the semiannual yield to maturity of a bond with a price of 104.98$ and face value of 100$. The bond expires in one year and pays coupons for the semester (the first in six months and the second in one year) at an annual rate of 10.80%. Then calculate the annual yield to maturity. (5 points)
