Levels Tought:
Elementary,Middle School,High School,College,University,PHD
Teaching Since: | Apr 2017 |
Last Sign in: | 235 Weeks Ago, 4 Days Ago |
Questions Answered: | 12843 |
Tutorials Posted: | 12834 |
MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
5. ABC Co. borrowed $750,000 on January 1, 2010 to purchase new machines. The interest rate of 8% is compounded semiannually to be repaid January 1, 2020. To repay this ABC will start making six equal annual deposits into fund that earns 6% annum on January 1, 2014.
Â
Required:
Â
What is the amount of the six annual deposits that ABC needs to make?
Â
6. Determine the market price of a $2,000,000, nine-year, 9% (pays interest semiannually) bond issue sold to yield an effective interest rate of 10%.
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