QuickHelper

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About QuickHelper

Levels Tought:
Elementary,High School,College,University,PHD

Expertise:
Accounting,Applied Sciences See all
Accounting,Applied Sciences,Business & Finance,Chemistry,Engineering,Health & Medical Hide all
Teaching Since: May 2017
Last Sign in: 353 Weeks Ago, 2 Days Ago
Questions Answered: 20103
Tutorials Posted: 20155

Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

Experience

  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Business & Finance Posted 26 May 2017 My Price 6.00

bond

Question description

 

1) A bond has a face value of $1000 and a contractual interest rate of 5%. The bond has quarterly interest payments. The market interest rate is 4%. The bond matures in 5 years and will pay $1000. What is the bond's current market price?

2) An annuity has an interest rate of 7% and makes a quarterly payment of $2000. The annuity is to last for 5 years. What is the present value of the annuity.

Need help figuring these two questions and and how and what formula was used to get the end result.

Answers

QuickHelper
(10)
Status NEW Posted 26 May 2017 12:05 PM My Price 6.00

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